COKING COAL DAILY: Dearth of bids in seaborne market

Seaborne coking coal spot market quietened down on Thursday December 6 amid an absence of bids.

“The bid that had been increasing in the past one-and-a-half weeks - from $205 per tonne fob Australia to $235 per tonne fob Australia - is now gone following the emergence of a counter offer,” a Chinese trading source said. The source was referring to the bid made for a branded January-loading shipment on Global Coal, which rose $30 per tonne in the span of one week to $235 per tonne on Wednesday. A counter offer for such a shipment was made at $245 per tonne fob on the trading platform on Thursday, but there were no further bids in response to that. A Beijing-based...


Sophie Zhao

December 06, 2018

11:30 GMT