COKING COAL DAILY: Chinese buyers show sustained appetite for premium low-vol materials [CORRECTED]

Seaborne coking coal prices for premium hard coking coal materials firmed this week on continued buying activity from China.

A cargo of top-quality Australian premium low-vol materials changed hands at $167.25 per tonne cfr China, with a mid-vol quality cargo changing hands at $160 per tonne cfr China, sources said on Tuesday August 20.
The trades resulted in Fastmarkets’ daily index for premium hard coking coal, cfr Jingtang moving up by $1.77 per tonne to $165.09 per tonne.
A trader source from India said that Chinese end users were benefitting from the drop in seaborne coking coal prices because domestic prices in the country remained above those for imported materials and they were exempt from import restrictions.

Another trader source from China meanwhile said that import restrictions continue...


Deepali Sharma

August 20, 2019

12:02 GMT