COKING COAL DAILY: Seaborne market quiet with participants away on holiday

The seaborne coking coal spot market was quiet on Monday April 30 with China, Japan and parts of India away on holiday.

“Last week’s transactions were driven by traders. However, both premium hard coking coal and pulverized coal injection cargoes remain in ample supply,” an ex-Chinese end user source said. “The shut-down of a 1.5mtpy capacity cokery in Tangshan last week and the raise of 50 yuan per tonne for coke prices have aided [coking coal] market sentiment to an...

Published

Sophie Zhao

April 30, 2018

11:28 GMT

Singapore