COKING COAL DAILY: Steady demand sustains market

The seaborne coking coal market maintained its upward momentum on Monday May 13 on steady demand for the steelmaking raw material outside of China.

A June-loading cargo of branded materials was traded at $211.50 per tonne fob Australia on trading platform Global Coal during the day, market sources said. A July-laycan cargo of premium mid-vol hard coking coal was also sold at $203 per tonne fob Australia to an Indian end user, sources told Fastmarkets. “Trading activity in China picked up last week, so it must have been a sign to ex-China market participants to follow suit. China usually takes the lead when it comes...

Published

Sophie Zhao

May 13, 2019

12:06 GMT

Singapore