COKING COAL DAILY: Chinese participants drive trading activity

Trading activity picked up in the fob Australia segment of the seaborne premium hard coking coal market on Wednesday April 8, with Chinese participants' buying activity heard to be driving the incline.

Fastmarkets Indices
Premium hard coking coal, fob DBCT: $134.27 per tonne, up $1.26 per tonne
Premium hard coking coal, cfr Jingtang: $139.11 per tonne, down $0.10 per tonne
Hard coking coal, fob DBCT: $118.34 per tonne, down $0.67 per tonne
Hard coking coal, cfr Jingtang: $125.98 per tonne, down $1.50 per tonne

One transaction was concluded on Tuesday involving an 80,000-tonne May 6-20-laycan cargo of premium low-vol hard coking coal traded at $137 per tonne fob Australia, with the option to replace it with another brand of premium low-vol hard coking coal...

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