22
Mar
07:22
Coking coal tumbles after another Chinese price cut
Australian fob coking coal continued its downtrend amid another round of coke price cuts in China during the week ended 22 March.
Kallanish assessed premium hard coking coal at $245.22/tonne fob Australia, down $19.96/t from $265.18/t fob the previous week.
On the Singapore Exchange, Premium Coking Coal Futures for April settled at $248/t fob on Friday, declining $6/t from the settlement price of $254/t fob a week earlier.
According to a Singapore-based trader, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous