COKING COAL DAILY: Changing Chinese policies curb speculative trading in cfr market

Seaborne hard coking coal pricesdiverged on Thursday May 20 with sentiment down in the cfr market after continued announcements from the Chinese government to keep commodity prices flat while sentiment stayed strong in the fob market amid active buying, sources said.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $137.12 per tonne, up $7.94 per tonne
Premium hard coking coal, cfr Jingtang: $251.47 per tonne, down $18.31 per tonne
Hard coking coal, fob DBCT: $113.96 per tonne, up $2 per tonne
Hard coking coal, cfr Jingtang: $221.79 per tonne, down $14.15 per tonne
In China, market sentiment for the steel and steel making raw materials industry gradually cooled down from the day before after more announcements from central government, market sources said.

Premier Li Kequang wanted to stabilize prices in the steel and...

Published

Alice Li

May 20, 2021

10:28 GMT

Shanghai