COKING COAL DAILY: fob Australia prices pick up

The fob Australia segment of the seaborne coking coal market appears to be gaining more strength in comparison with the more lukewarm cfr China segment.

A cargo of premium mid-vol hard coking coal was traded at $182 per tonne fob Australia to an ex-China trader, market sources told Metal Bulletin on Friday August 10. This compares with a cargo of similar materials that had fetched $180.50 per tonne fob Australia on Tuesday. Buyers of premium hard coking coal in China have been staying away from the seaborne market after a top Australian product changed hands above $190 per tonne cfr China on Wednesday. There was some activity in the second-tier segment, however. A cargo of higher-ranked second-tier...


Sophie Zhao

August 10, 2018

11:59 GMT