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17 May

Coking coal slips on weak demand, oversupply

Australian fob coking coal slipped during the week ended 17 May amid weak demand and oversupply. Kallanish assessed premium hard coking coal at $247.22/tonne fob Australia, down $4.51/t from $251.73/t fob the previous week. On the Singapore Exchange, Premium Coking Coal Futures for June settled at $243/t fob on Friday, falling $8/t from $251/t fob a week earlier. According to a Singapore-based trader, an offer was heard on Friday at $253/t fob for 40,000 tonnes…
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