COKING COAL DAILY: Thin trading keeps seaborne market largely stable

The seaborne coking coal market had a quiet start to the week, with many participants holding out for more transactions to emerge to set the tone for prices.

Some 25,000 tonnes of a premium mid-vol product were traded at $193 per tonne fob Australia, market sources told Fastmarkets on Monday January 21. Chinese market participants are taking a break from procuring seaborne materials because “we are waiting for more transactions this week for a clearer market direction”, a trader in China said. A southern Chinese mill source said buyers were taking their time with purchases because there were plenty of January and February cargoes. “It’s a...

Published

Sophie Zhao

January 21, 2019

10:30 GMT

Shanghai