COKING COAL DAILY: Firm demand and tight supply continue to support fob market

Seaborne coking coal prices inched up in the cfr market on Friday June 18 amid supply tightness for both domestic and imported cargoes, while the fob market surged on tight supply.

Prices for seaborne pulverized coal injection (PCI) remained largely stable in the cfr market in the week to June 18 amid firm offer levels and limited buying activities from end-users for Russian PCI. The fob market increased following a rally in the coking coal fob market and high metallurgical coke prices, sources said. 
Fastmarkets indices
Premium hard coking coal, fob DBCT: $177.84 per tonne, up $3.74 per tonne
Premium hard coking coal, cfr Jingtang: $285.04 per tonne, up $1.67 per tonne
Hard coking coal, fob DBCT: $154.93 per tonne, up $2 per tonne
Hard coking coal, cfr Jingtang: $257.19 per tonne, up $0.21 per tonne
Coking coal market

In China, market sentiment for seaborne coking coal became more positive in the week to June 18 due to a tight supply of domestic coking coal after a series of safety inspections in northern...

Published

Alice Li

June 18, 2021

11:46 GMT

Shanghai