COKING COAL DAILY: Lower offer on trading platform drags down market

The seaborne coking coal market weakened further on Tuesday April 2 after a lower offer emerged on the Global Coal trading platform.

A May-laycan cargo of unbranded premium hard coking coal was offered at $195 per tonne fob Australia on the platform, down $5 per tonne from an offer of $200 per tonne fob Australia on Monday, sources told Fastmarkets. “There are a lot of [premium mid-vol hard coking coal cargoes] around,” an international trading source said. A southern Chinese mill source echoed the sentiment. “Various mills...

Published

Sophie Zhao

April 02, 2019

11:30 GMT

Shanghai