COKING COAL DAILY: Inactivity keeps prices largely flat

Liquidity in the seaborne coking coal spot market remained low on Friday November 9 though some bullish sentiment has emerged.

A cargo of second-tier hard coking coal was heard sold to an end user in northern China at around $208 per tonne cfr China, but market sources said this was part of a term contract for the month of December. A trader based in Tangshan hinted that supply was running low, and as such, sellers were in no hurry to offer materials in the spot market. “Out of the 1.6 million tonnes of imported coking coal at the Port of Jingtang Port (in Tangshan, Hebei province), only around 200,000-300,000 tonnes are tradeable,” the trader...


Sophie Zhao

November 09, 2018

11:05 GMT