COKING COAL DAILY: Buyers expecting further drop in prices

The seaborne coking coal market took a breather on Friday March 16, though buyers outside of China are still anticipating prices to experience a downward correction.

A cargo of mid-vol premium hard coking coal was traded at $215 per tonne fob Australia while a lower-ranked second-tier product changed hands at $182 per tonne fob Australia, sources told Metal Bulletin during the day. “The market is soft, I have no doubt about that. While not dramatically, prices will drop,” an Indian end-user source said. Meanwhile, a key supplier and major...

Published

Sophie Zhao

March 16, 2018

10:53 GMT

Singapore