COKING COAL DAILY: Uncertain quotas for seaborne coal in south China limits buying

The seaborne premium hard coking coal price stayed largely flat in the fob market and decreased in the cfr market on April 7 Wednesday after major buyers in south China became cautious to buy seaborne cargoes amid uncertain limits on import coal quotas, market sources told Fastmarkets.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $115.11 per tonne, up $0.04 per tonne
Premium hard coking coal, cfr Jingtang: $213.44 per tonne, down $0.98 per tonne
Hard coking coal, fob DBCT: $108.62 per tonne, unchanged
Hard coking coal, cfr Jingtang: $198.80 per tonne, down $1.01 per tonne
Trading activity for seaborne premium hard coking coal in the Chinese market remained low on Wednesday with no offers and bids reported.
Only a few traders have been holding coking coal cargoes from America of late, yet the quality and specification of those cargoes were not popular among Chinese end-users, sources said.

Published

Alice Li

April 07, 2021

11:58 GMT

Shanghai