COKING COAL DAILY: Fob and cfr markets diverge; restricted imports from Australia piles pressure on Chinese buyers

Seaborne coking coal prices in the fob Australia and cfr China markets diverged on Wednesday November 11, with Chinese buyers starting to feel the pressure from restrictions on Australian imports, sources told Fastmarkets.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $104.40 per tonne, down $3.69 per tonne
Premium hard coking coal, cfr Jingtang: $148.95 per tonne, up $2.25 per tonne
Hard coking coal, fob DBCT: $95.03 per tonne, unchanged
Hard coking coal, cfr Jingtang: $135.62 per tonne, up $5.62 per tonne

A 30,000-tonne cargo of premium low-volatility hard coking coal with December 1-10 laycan was traded...

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