COKING COAL DAILY: Prices retreat amid sustained pessimism

The seaborne coking coal market regained its downward momentum on Wednesday June 19 with participants mostly fixated on their bearish outlook for prices.

A July-loading cargo of branded materials was traded on the Global Coal trading platform at $195 per tonne fob Australia during the day, various sources confirmed. A shipment of premium mid-vol hard coking coal, also scheduled for loading in July, was also heard to have been sold to an Indian trader at $192 per tonne fob Australia. This compares with a transaction involving a similar brand in the same segment that was concluded at $193.50 per tonne...


Sophie Zhao

June 19, 2019

11:41 GMT