Seaborne coking coal market quietens down, further upside expected

The seaborne coking coal market calmed down on Friday November 24, but market participants expect further price rises due to persistent supply tightness.

“Offers have been withdrawn today as sellers are waiting and watching for the market to go up,” an Indian end-user source said, adding that production issues at Australian mines was a were leading to tight supplies. A trader from China said that only a few steel mills in the country had an...

Published

Sophie Zhao

November 24, 2017

10:47 GMT

Singapore