Seaborne coking coal market still deadlocked

The seaborne coking coal spot market was mostly stable this week with many participants continuing to wait at the sidelines.

“I think it’s a bit of a stalemate right now. We have to wait a bit longer to get a direction,” an Indian end-user source told Metal Bulletin on Friday November 3. “The [coking coal] market is more or less stable since the congestion at the Dalrymple Bay Coal Terminal has eased slightly in comparison with last week. Steel prices are stable and demand has been quite promising,” an Asian mill source said. There is talk of some minor production disruptions...

Published

Sophie Zhao

November 03, 2017

10:40 GMT

Singapore