COKING COAL DAILY: Market strengthens slightly despite met coke price drop in China

The seaborne coking coal spot market picked up some strength on Tuesday June 18 despite falling prices for metallurgical coke in China.

A cargo of premium mid-vol hard coking coal, with laycan set for late June, was sold to a northeastern Chinese end user at $201 per tonne cfr China, various sources confirmed during the day. The price is a bit higher than current market rates, but is down $0.70 per tonne compared with a transaction involving the same shipment that was concluded at $201.70 per tonne cfr China two weeks ago. “Though this is slightly higher current market prices, we need it to sustain our production. The seller would not have let go for anything under...

Published

Sophie Zhao

June 18, 2019

11:52 GMT

Singapore