COKING COAL DAILY: Participants foresee pressure on prices in coming months

Forward cargoes of seaborne coking coal continued to fetch lower prices on Thursday March 14, with some buyers in China saying that they would take a wait-and-see approach amid the emergence of what appears to be a downtrend.

On the Global Coal trading platform, a June-laycan cargo in the branded segment of premium hard coking coal was traded at $202.40 per tonne fob Australia, lower than the transaction price of $204 per tonne fob Australia for a May-laycan shipment a day earlier. Thursday’s transaction was concluded after Fastmarkets’ 6pm cut-off time for data collection, and as such, was not included in the calculation of its MB fob Australia Premium Hard Coking Coal Index. Meanwhile, a...

Published

Deepali Sharma

March 14, 2019

11:10 GMT

Singapore