COKING COAL DAILY: Seaborne market pushes against headwinds

The seaborne coking coal market continued to pick up strength on Wednesday June 13, even with Chinese end-users suggesting that the upside for prices was limited.

Buyers appear to be warming up to the idea of paying $200 per tonne fob Australia for premium hard coking coal, with a bid made on a trading platform at that price for a cargo of such materials during the day. An offer in the same segment was made at $206 per tonne fob. “Spot offers from miners are limited and even buyers in India have resigned themselves to [paying] around $195-197 per tonne fob Australia for premium mid-vol materials, so the market has some upward room,” a trader...

Published

Deepali Sharma

June 13, 2018

12:55 GMT

Singapore