Seaborne coking coal prices fell further on Friday March 23, with ferrous futures in China tumbling during the day amid trade tensions between the country and the United States.
On the Dalian Commodity Exchange, the most-traded May coking coal futures contract closed at 1,230 yuan ($194.30) per tonne at the end of the day, down 45.50 yuan per tonne from a day earlier. The most-traded May coke contract closed at 1,852 yuan per tonne, down 112.50 yuan per tonne for the day. The drop in the futures market followed China's announcement on Friday morning of plans to impose tariffs on approximately $3 billion worth of US products, including seamless steel pipe and aluminium scrap. A day earlier, the US said it would...