Expectations of lower prices keep seaborne coking coal buyers at bay

Buyers of seaborne coking coal are waiting on the sidelines in anticipation of lower prices in the weeks ahead.

Offers for premium hard coking coal hovered around $230 per tonne fob Australia on Friday January 19, sources told Metal Bulletin. Bids were around $30 per tonne below these offers, they added. A few index-linked offers were also heard during the day, amid the prevailing wide spread between fixed-price bids and offers. “We had to procure some high-priced cargoes earlier but now, our requirements have been met. We will return to the...

Published

Deepali Sharma

January 19, 2018

10:29 GMT

Singapore