COKING COAL DAILY: Buyers await cues on the sidelines

Seaborne coking coal prices were stable on Thursday March 28, with market participants awaiting the outcome of a miner’s tender for direction.

A cargo of second-tier hard coking coal was heard offered at $186 per tonne cfr China. The was no word of the cargo being sold by 6pm, the data collection cut-off time for the Fastmarkets MB daily coking coal indices. In the premium hard coking coal segment, a miner issued a tender during the day for an April-laycan cargo. Market participants were waiting for this tender to be concluded to get a sense of direction for prices. The last transaction involving a cargo of...

Published

Deepali Sharma

March 28, 2019

11:16 GMT

Singapore