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Kallanish Steel Weekly: Coking coal dives amid selling pressure (May 3, 2023)

Australian fob coking coal prices dived last week amid selling pressure due to more supply and less demand.

Kallanish assessed premium hard coking coal at $229.28/tonne fob Australia, slumping $30.52/t from $259.80/t the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for May settled at $234.67/t on Friday, plunging $17.33/t from $252/t fob a week earlier.

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