COKING COAL DAILY: Domestic prices strong while supply stays tight

Seaborne coking coal prices in China rose on Tuesday August 10, reflecting the strength in domestic coking coal prices where supply remains tight.

The fob coking coal market stayed largely stable on the same day because major buyers adopted a wait-and-see approach in light of high offers, market sources said.
Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $333.75 per tonne, up by $4.16 per tonne
Hard coking coal, cfr Jingtang: $288.33 per tonne, up $4.72 per tonne 
Premium hard coking coal, fob DBCT: $221.11 per tonne, down by $0.04 per tonne
Hard coking coal, fob DBCT: $190.16 per tonne, up $0.75 per tonne
In China, the domestic coking coal and coke market continued trend strongly higher in the week to August 10, market sources said.

Domestic coking coal prices are firmly supported by the low production rate in Shanxi's coal mines due to the high frequency of safety...

Investment banks ahead of the gold price, institutions still behind

Gold stocks up, juniors outperform on small cap strength

Gold stocks rebound to new highs

US$ and bonds not the safe havens normally expected

Crash driven by tech and highly cyclical sectors