COKING COAL DAILY: Buyers take a breather from market

Seaborne coking coal prices remained largely stable on Wednesday August 21, with buyers taking a wait-and-see approach.

A branded cargo of premium hard coking coal was offered at $150 per tonne fob Australia on the Global Coal trading platform during the day, sources said. Steel mill sources in India highlighted the bleak downstream market conditions in the South Asian country, citing a liquidity crunch and poor performance of its automotive sector as reasons for subdued demand for steel products, which, in turn, saps Indian steelmakers’ appetite for...

Published

Deepali Sharma

August 21, 2019

12:05 GMT