COKING COAL DAILY: Trading activity limited after active week

Trading activity in the seaborne coking coal market was muted on Monday July 22 after an active stretch last week.

A cargo of premium hard coking coal was offered at $175 per tonne fob Australia on the Global Coal trading platform during the day, down $1 per tonne from last Friday, sources said. A Chinese end-user source said that mills in the country were concerned about uncertainties associated with import restrictions at Chinese ports and as such, “they may look to procure cargoes with a nearer laycan date as a result.” This is not necessarily because mills have a lot...

Published

Deepali Sharma

July 22, 2019

11:57 GMT

Singapore