COKING COAL DAILY: Sustained Chinese demand for low-vol products supporting prices

Import hurdles that emerged in some ports in China last week do not appear to have had much of an effect on the seaborne coking coal market, with a cargo of premium low-vol product fetching $145 per tonne cfr China on Tuesday November 19.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $131.91 per tonne, down $1.81 per tonne
Premium hard coking coal, cfr Jingtang: $144.14 per tonne, down $3.68 per tonne
Hard coking coal, fob DBCT: $120.70 per tonne, unchanged
Hard coking coal, cfr Jingtang: $133 per tonne, up $1.50 per tonne
Low-vol PCI, fob DBCT: $99.39 per tonne, unchanged
Low-vol PCI, cfr Jingtang: $101.16 per tonne, unchanged

While the transaction - in which a Chinese steelmaker bought a December-loading cargo - was concluded around $2 per...

Published

Deepali Sharma

November 19, 2019

10:58 GMT

Singapore