COKING COAL DAILY: Buyers bracing themselves for clearer direction

By Sophie Zhao / June 21, 2018 / www.metalbulletin.com / Article Link

The seaborne coking coal market remained deadlocked on Thursday June 21, with end-user sources in China saying that they saw few factors that might provide more upside to prices.

A coke plant source in Tangshan pointed out that coking coal inventory levels were high at the moment amid a lot of uncertainties in the market. "We need some time to digest all these factors before making our next procurement move," the source said. A second cokery source was even more bearish, saying coking coal inventories were "on the...

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