Costlier domestic coking coal in China triggers interest for seaborne materials

Trader-driven buying activity continues to send seaborne coking coal prices higher, and a strengthening domestic market in China has resulted in a bullish outlook for the entire segment of the steel complex.

A cargo of premium low-vol hard coking coal was traded around $224 per tonne cfr China on Friday, sources told Metal Bulletin on Friday December 15. The shipment’s laycan is set for early February. Domestic coking coal prices in China strengthened this week amid higher transportation costs and healthy demand. “Prices for low-sulfur domestic coal are rising rapidly in China...

Published

Deepali Sharma

Sophie Zhao

December 15, 2017

10:51 GMT

Singapore