Coking coal supplies affected by heavy rains in Australia, Canada; seaborne cfr prices plummet

Seaborne coking coal prices in the fob market were being supported by weather-related disruption in Australia and Canada on Wednesday December 1, but cfr prices plummeted on the bleak outlook for demand in northern China.

In Australia's key coal-mining hub of Queensland and in southern British Columbia, Canada, heavy rains have been disrupting operations for the past week, sources told Fastmarkets. 
Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $362.49 per tonne, down $37.68 per tonne
Hard coking coal, cfr Jingtang: $334.91 per tonne, down $18.61 per tonne
Premium hard coking coal, fob DBCT: $317.79 per tonne, up $1.65 per tonne

Hard coking coal, fob...

Published

Min Li

December 01, 2021

13:09 GMT

Shanghai