COKING COAL DAILY: Second-tier product prices pick up strength

The second-tier segment of the seaborne coking coal market took the spotlight on Tuesday April 23, with a transaction being concluded above prevailing prices.

A cargo of second-tier hard coking coal, scheduled for loading in end-April, was sold to an end user in Guangxi Zhuang Autonomous Region at $191 per tonne cfr China during the day, sources told Fastmarkets. This is $7 per tonne higher than a similar cargo in the same segment that was traded two weeks ago. A cargo of the same brand of hard coking coal, but with a May laycan, was heard offered around $190 per tonne cfr China late last week. “This is around the same...


Sophie Zhao

April 23, 2019

11:30 GMT