COKING COAL DAILY: Seaborne prices drop further amid bearish sentiment

Seaborne coking coal prices dropped further on Tuesday March 24 amid bearish sentiment among traders and consumers based on the bleak global economic outlook due to the spread of the novel coronavirus (2019-nCoV).

Chinese customs clearance hurdles and a narrowing spread between seaborne and Chinese domestic coking coal prices also added to the downbeat market mood.
Fastmarkets Indices
Premium hard coking coal, fob DBCT: $156.40 per tonne, down $3.03 per tonne
Premium hard coking coal, cfr Jingtang: $164.66 per tonne, down $2.82 per tonne

Hard coking coal, fob DBCT: $142.26 per tonne, down $0.25 per tonne
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Published

Li Min

March 24, 2020

11:56 GMT

Jincheng