COKING COAL DAILY: Teck sees Indian, Southeast Asian demand as long-term drivers

One of the largest producers of metallurgical coal expects rising steelmaking capacity in India and Southeast Asia as well as constraints on investments in steelmaking coal capacity to be the long-term drivers of the market.

Fastmarkets indices Premium hard coking coal, fob DBCT: $152.40 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $164.07 per tonne, unchanged Hard coking coal, fob DBCT: $130.05 per tonne, up by $0.13 per tonne. Hard coking coal, cfr Jingtang: $142.29 per tonne, unchanged Low-vol PCI, fob DBCT: $98.94 per tonne, unchanged Low-vol PCI, cfr Jingtang: $106.52 per tonne, unchanged “The steelmaking coal market remains fundamentally supported by demand from steel capacity growth in India, Southeast Asia, and increased imports in China,” Canada’s Teck Resources, the world’s second-largest producer of metallurgical coal, said in its latest...

Published

Deepali Sharma

October 24, 2019

12:17 GMT

Singapore