COKING COAL DAILY: Seaborne prices plunge as ex-China buyers turn away

Offers for premium mid-vol hard coking coal plunged in the seaborne market on Tuesday September 17 after several days of inactivity.

Premium hard coking coal, fob DBCT: $144.08 per tonne, down $4.07 per tonne
Premium hard coking coal, cfr Jingtang: $160.63 per tonne, down $7.13 per tonne
Hard coking coal, fob DBCT: $131.75 per tonne, unchanged
Hard coking coal, cfr Jingtang: $150.26 per tonne, unchanged
Low-vol PCI, fob DBCT: $98.94 per tonne, unchanged
Low-vol PCI, cfr Jingtang: $107.75 per tonne, down $4.02 per tonne
Premium mid-vol cargoes were heard offered at around $155 per tonne cfr China during the day, sources in China said.
In contrast, a premium mid-vol cargo was traded at $152 per tonne fob Australia last week.

An October-loading cargo of premium mid-vol materials was also heard to have been traded at $145 per tonne cfr China during the day. But this transaction was not given full weighting...

Published

Deepali Sharma

September 17, 2019

11:50 GMT

Singapore