COKING COAL DAILY: Seaborne market in a wait-and-see mode for more clarity on Chinese ports restrictions

Prices in the seaborne coking coal spot market failed to get a boost from the return of Chinese participants following the Lunar New Year break on Monday February 11.

“There is still a lack of clarity on how the customs clearance restrictions on Australian coal will be enforced or to what extent, [and therefore] there are very few transactions at this juncture,” a source at a mill in Hebei said.   The comments follow the imposition of new import restrictions recently at ports in northeastern China. A second southern Chinese mill source agreed.  “End users will continue to stay on the side lines for clearer market indication as to where prices are and where they will head. Ports in southern and northern China are experiencing up to...

Published

Deepali Sharma

Sophie Zhao

February 11, 2019

10:55 GMT

Singapore