COKING COAL DAILY: Prices for China-bound materials soften further

Prices for seaborne coking coal sold to China picked up more downward momentum on Friday March 22 following the conclusion of a transaction below prevailing levels.

A cargo of a top Australian brand, scheduled for loading in end-April, was sold at $208 per tonne cfr China to a Chinese trader, various sources said. This is $4 per tonne lower than a transaction involving the same brand that was concluded earlier this week. “The market is in a general downtrend. We have withdrawn our offers for [premium mid-vol] hard coking coal for the time being,” a Chinese trading source said. A coke plant source in Tangshan said that it had little demand for coking coal following...

Published

Sophie Zhao

March 22, 2019

10:57 GMT

Shanghai