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12 Sep
08:38

Coking coal trades at $200/t

Seaborne coking coal prices have continued to surge, with a tight spot market pushing some trades to over double the price of quarterly contracts. A $200/tonne deal on a platform last week marked a new high but the sustainability of prices is increasingly in question, Kallanish notes. 75,000t of unbranded hard coking coal sold at $200/t fob Australia for October delivery on Friday on the GlobalCoal platform. A similar deal the previous day had been set…
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