COKING COAL DAILY: Gradual price decline expected amid abundance of offers

The outlook for seaborne coking coal prices remains bearish, amid ample offers from traders and miners, market participants said on Monday April 16.

“We do not want to buy above $195 per tonne cfr China,” a Chinese buyer source said, adding that some sellers might still want to keep offer levels firm on being encouraged by recent trading activity. Cargoes of premium hard coking coal have been traded around $199-203 per tonne cfr China over the last few days. A coke plant...

Published

Deepali Sharma

Sophie Zhao

April 16, 2018

12:32 GMT

Singapore