Seaborne coking coal prices under pressure as China goes on holiday

The seaborne coking coal market was quiet as expected on Friday September 29 ahead of a week-long holiday in China, though the outlook remains weak amid concerns over Chinese demand.

A steel mill source in China said that buyers in the country were waiting “until the last moment for traders to drop their offer prices.” “Seaborne prices are already below domestic price levels so miners may limit the cuts on offer levels,” he added. A seller source in China said fixed-priced deals were hard to conclude as the...

Published

Deepali Sharma

Sophie Zhao

September 29, 2017

11:42 GMT

Singapore