COKING COAL DAILY: Cfr market climbs on domestic coal mine restrictions

June 29, 2021 / www.metalbulletin.com / Article Link

Seaborne coking coal prices inched up in the cfr market on Monday June 28 on positive market sentiment following the bullish domestic coking coal market, while the fob market stayed largely stable to start the week.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $183.82 per tonne, down $0.29 per tonne
Premium hard coking coal, cfr Jingtang: $306.50 per tonne, up $2.36 per tonne
Hard coking coal, fob DBCT: $159.59 per tonne, down $0.33 per tonne
Hard coking coal, cfr Jingtang: $266.67 per tonne, up $1.36 per tonne

The Chinese domestic coking coal market was strong in the week to June 27 after many coal mines in north and east China closed to provide a "safe and stable" social environment for the celebrations of the party's 100-year anniversary on July 1. Some state-owned mines will not resume production until July...

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