COKING COAL DAILY: Pessimism persists in spot market

The seaborne coking coal market remained in a slump on Wednesday January 9, sources told Fastmarkets.

Some 25,000 tonnes of a mid-vol premium coking coal traded around $196-197 per tonne fob Australia. A southern Chinese mill source attributed the pessimism in the market to “poor car sales and weakness in the real estate sector”. “For every transaction done, the next [trade] will be even lower like rungs on a ladder,” a second mill source in the same region said. In the pulverized coal injection (PCI) segment, a cargo of second-tier Australian product changed hands at...

Published

Sophie Zhao

January 09, 2019

11:05 GMT

Shanghai