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10 Aug
11:13

Coking coal peaks after rally

Seaborne coking coal prices were showing signs of pulling back from recent highs on Wednesday. Chinese domestic coke prices had spiked over the previous week alongside the rally in steel and iron ore prices, Kallanish notes. 90,000 tonnes of unbranded hard coking coal sold on the globalCOAL platform on Wednesday at $108/tonne fob Australia for September delivery, compared to a deal for unbranded coal at $105.9/t on Friday. Another 45,000t of branded hard coking …
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