COKING COAL DAILY: China’s domestic market strong on tight supply

China’s domestic coking coal market maintained its upward trend in the week to August 2 amid continuous supply tightness. Seaborne coking coal prices remained largely stable in both the cfr China and fob Australia markets on Monday August 2 due to quiet trading, sources told Fastmarkets.

Fastmarkets indices Premium hard coking coal, fob DBCT: $216.2 per tonne, down $0.24 per tonne Premium hard coking coal, cfr Jingtang: $326.39 per tonne, up $0.54 per tonne Hard coking coal, fob DBCT: $183.66 per tonne, unchanged Hard coking coal, cfr Jingtang: $278.62 per tonne, up $1.41 per tonne In China’s domestic coking coal market, prices rose slightly in the week to August 8 due to supply tightness, sources said, with some coal mines even announcing a lack of available resources for the spot market. Most coal mines in northern China’s Shanxi province have increased their ex-works offers following the upward trend in high-quality coking coal products, sources said. Due to local demand and logistics disruptions from bad weather, major coal products...

Published

Alice Li

August 02, 2021

11:00 GMT

Shanghai