COKING COAL DAILY: Seaborne market little changed amid thin trading

The seaborne coking coal spot market was largely stable on Tuesday March 5 with little change seen for bids and offers.

There is little optimism among market participants for regional steel demand to strengthen significantly in the next few months, though prices for steel products are expected to pick up in Asia during the April-June quarter. “Our steel prices will mostly likely increase by around 5% [compared with those in the January-March quarter] but that is mainly because of higher cost of raw materials [in the first quarter]. We are not sure what to expect for...

Published

Sophie Zhao

March 05, 2019

10:30 GMT

Shanghai