COKING COAL DAILY: Weak demand keeps trading thin in seaborne market

Weakness persisted in the seaborne coking coal spot market on Tuesday June 25 with participants in both the China and ex-China segments keeping to the sidelines amid poor demand.

“End users’ interest in seaborne coking coal cargoes is thin amid weakness in the metallurgical coke market,” a Chinese trading source said. A second Chinese trader said that offers for premium low-vol hard coking coal remained at around $202-206 per tonne cfr China amid a lack of firm bids in the market. In the Chinese met coke market, traders of the downstream product are equally pessimistic because the end of June is typically a weak season for the steel market. “With moderate levels of coke inventories at both...

Published

Sophie Zhao

June 25, 2019

11:34 GMT

Singapore