COKING COAL DAILY: China's strong domestic market supports seaborne prices

August 17, 2021 / www.metalbulletin.com / Article Link

China's domestic coking coal prices continued higher in the week to August 16 due to a supply shortage, which buoyed seaborne coking coal prices in the cfr China market on Monday August 16.

The fob Australia market held largely steady on the first working day of the week
Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $350.66 per tonne, up $5.66 per tonne
Hard coking coal, cfr Jingtang: $305.01 per tonne, up $5.51 per tonne
Premium hard coking coal, fob DBCT: $222.35 per tonne, up $0.18 per tonne
Hard coking coal, fob DBCT: $195.91 per tonne, unchanged
A lack of tradable material for term cargoes and spot market propelled prices in China's domestic coking coal market higher in the week to August 16, market sources told Fastmarkets.

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