COKING COAL DAILY: Pessimism grows in cfr China segment

Prices of seaborne coking coal bound for China continued to weaken on Wednesday June 12 with buyers still holding back from purchasing amid a pessimistic outlook for the market.

A June-loading cargo of a top Australian brand was sold to an end user in eastern China at the June average of an index at a premium of around 4% during the day, sources told Fastmarkets. A cargo of second-tier hard coking coal, scheduled for loading over June 8-17, was also sold to an end user in southern China at $191 per tonne cfr. This is down $7 per tonne compared with when the same shipment first changed hands around three weeks ago. “There simply aren’t any good news in the market...

Published

Sophie Zhao

June 12, 2019

11:56 GMT

Singapore