COKING COAL DAILY: Further rise in cfr China prices send buyers to sidelines

Seaborne coking coal sold to China continued to fetch higher prices on Tuesday January 29 against expectations, sending most buyers to the sidelines.

A March-laycan cargo of premium mid-vol hard coking coal was sold at $203 per tonne cfr China to an end user in northeastern China, sources told Fastmarkets during the day. “We needed this specific cargo for production so the price [at $203 per tonne cfr China] is acceptable for us. This is also similar to what we are paying for low-sulfur [coking coal] from Shanxi [province],” a source at...

Published

Sophie Zhao

January 29, 2019

10:30 GMT

Shanghai