COKING COAL DAILY: Bids picking up in seaborne market

The seaborne coking coal market strengthened further on Wednesday January 30 amid an emergence of higher bids.

Bids for branded materials on trading platform Global Coal rose to $203 per tonne fob Australia during the day, compared with $189 per tonne fob a few days ago. Meanwhile, a top Australian brand was traded at around $208 per tonne cfr China via a miner’s tender, according to various sources. A February-laycan cargo of lower-ranked premium mid-vol hard coking coal also changed hands at $194.50 per tonne cfr China during the day. The cargo was sold by an end user to a trader in China. A March-loading cargo of branded materials was also traded at $203.50...


Sophie Zhao

January 30, 2019

10:35 GMT