COKING COAL DAILY: Seaborne market still lacking clarity

The seaborne coking coal spot market gained some traction on Wednesday December 5 with expectations growing for the ban on customs clearance for imports of the steelmaking raw material in China to be lifted in January.

A cargo of a top Australian brand was also sold to an end user in eastern China at the December average of a cfr China index for premium hard coking coal at a 4% premium, sources told Fastmarkets. A December-laycan cargo of second-tier hard coking coal was also traded at $196 per tonne cfr China, they said. “These shipments will get discharged at the port for now, and then await customs clearance, which the buyer has estimated to be around January 1 next year,” a Chinese mill source said. The lull in the...

Published

Deepali Sharma

Sophie Zhao

December 05, 2018

11:05 GMT

Shanghai