COKING COAL DAILY: China's domestic market strong on tight supply

August 03, 2021 / www.metalbulletin.com / Article Link

China's domestic coking coal market maintained its upward trend in the week to August 2 amid continuous supply tightness. Seaborne coking coal prices remained largely stable in both the cfr China and fob Australia markets on Monday August 2 due to quiet trading, sources told Fastmarkets.

Fastmarkets indicesPremium hard coking coal, fob DBCT: $216.2 per tonne, down $0.24 per tonnePremium hard coking coal, cfr Jingtang: $326.39 per tonne, up $0.54 per tonneHard coking coal, fob DBCT: $183.66 per tonne, unchangedHard coking coal, cfr Jingtang: $278.62 per tonne, up $1.41 per tonneIn China's domestic coking coal market, prices rose slightly in the week to August 8 due to supply tightness, sources said, with some coal mines even announcing a lack of available resources for the spot market.Most coal mines in northern China's Shanxi province have increased their ex-works offers following the upward trend in high-quality coking coal products, sources said.Due to local demand and logistics disruptions from bad weather, major coal products...

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