COKING COAL DAILY: fob Australia price falls while cfr China price remains firm

Ex-China seaborne coking coal spot prices fell further on the back of a lower offer, while in China bullish sentiment kept prices largely firm.

In the ex-China market, a cargo of branded materials was offered at $207 per tonne fob Australia during the day on trading platform Global Coal, $1 per tonne down from a day earlier. “The descent in the screen offer is in line with the market situation. Our July-September quarter finished steel prices lwill be announced next week but they are expected to fall around 2-3% quarter on quarter,” an East Asian mill source said. Meanwhile, a cargo of top Australian brand, loading June 16-30, at the June average of...

Published

Sophie Zhao

May 23, 2019

11:45 GMT

Singapore