Price outlook dim for seaborne coking coal amid ample offers

Offers in the seaborne coking coal market remain aplenty, which have resulted in participants expecting a gradual decline in prices in the coming weeks.

A cargo of premium product is being offered around $180 per tonne fob Australia, while several index-linked offers are also awaiting firm bids, market participants said on Thursday October 26.
A few buyer sources indicated their preference for index-linked deals on expectations of lower prices in the coming weeks.

“There is interest among Indian buyers to take spot cargoes at this time, and offers are looking quite competitive,”...

Published

Deepali Sharma

October 26, 2017

11:22 GMT

Singapore