Chinese buyers remain on sidelines of seaborne coking coal market

The seaborne coking coal market quietened down on Friday December 8, following a flurry of trades at higher prices earlier in the week.

A buyer source in India indicated that some participants had deferred their purchases “for too long and as a result, they are forced to pay the current higher prices.”
Another buyer source said that fixed-price transactions concluded by desperate buyers had pulled spot prices up by “way too much.”

“Seaborne prices will start correcting if Chinese demand...

Published

Deepali Sharma

Sophie Zhao

December 08, 2017

10:30 GMT

Singapore