Outlook still gloomy for seaborne coking coal market

Market participants are still expecting some downside for seaborne coking coal prices, though the pace of decline appears to be gradual based on recent transactions.

A November-laycan cargo of top-quality Australia-origin product has been sold against an fob Australia index at a 2% premium, market sources told Metal Bulletin on Friday October 13. Supply remains aplenty with at least nine cargoes of premium hard coking coal still looking for takers, according to market participants. The restart of production at the Appin mine at South32’s Illawarra metallurgical coal operations in Australia’s New South Wales...


Sophie Zhao

October 13, 2017

11:41 GMT