Premium category seaborne coking coal prices rise further

Bids on premium category seaborne coking coal cargoes moved higher on Friday December 1, although no trades were heard concluded at the time of writing.

Bids on premium category cargoes were heard around $210-217 per tonne fob Australia basis.  Offer prices continue to remain above $220 per tonne fob Australia basis, sources added.  “Sluggish Australian supply is creating a tightness and some steel mills in north Asia are exploring alternative options, including buying Chinese coking coal as they did during cyclone Debbie in April this year,” a steel mill source from the...

Published

Deepali Sharma

Sophie Zhao

December 01, 2017

10:20 GMT

Singapore