COKING COAL DAILY: Ex-China seaborne market strengthens further

October 12, 2018 / www.metalbulletin.com / Article Link

Seaborne coking coal prices spiked on Thursday October 11, with market participants citing a possible disruption at a coal mine in Mozambique behind the move.

A cargo of premium hard coking coal traded at $216 per tonne, fob Australia, on the online trading platform Global Coal, according to various sources. A similar product changed hands $4-per-tonne lower a week earlier."We heard about some issues at a mine in Mozambique and that could be contributing to the rise in prices," an Indian trading source said."Some residents barged into the...

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