COKING COAL WRAP: Chinese buyers expect lower coke prices to drag down coking coal

Seaborne coking coal prices were steady on Wednesday March 27, although Chinese buyers cited the drop in domestic coke prices as the reason for their bearish outlook on the steelmaking raw material’s price.

On the Global Coal platform, an offer for an April-laycan branded cargo was heard at $209 per tonne fob Australia while a May-laycan unbranded cargo was offered at $205 per tonne fob Australia. “Steel mills in Tangshan and parts of Hebei province have lowered their output amid environmental restrictions, which has led to a build-up of coke stocks...

Published

Deepali Sharma

March 27, 2019

12:14 GMT

Singapore