COKING COAL DAILY: Waiting game persists in seaborne market

An absence of firm offers and bids kept participants in the seaborne coking coal market on the sidelines on Tuesday April 9, with buyers in particular waiting for prices to bottom out.

“Current seaborne coking coal prices are already 100-200 yuan ($14.90-$29.80) per tonne lower than those for domestic materials [in China]. We are just hesitating about whether the price advantage makes up for the demurrage fees that result from ports restrictions,” a source at the procurement department of a mill located along the Yangtze River said. A second mill source in Guangxi Zhuang Autonomous Region...


Sophie Zhao

April 09, 2019

11:30 GMT