COKING COAL DAILY: Gloomy outlook for Indian demand despite easing restrictions

Seaborne coking coal prices were unchanged on Tuesday May 5 in the absence of Chinese market participants observing a holiday for Labor Day, but pessimism is growing amid a negative outlook for Indian demand.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $107.12 per tonne, unchanged
Premium hard coking coal, cfr Jingtang: $117.33 per tonne, unchanged
Hard coking coal, fob DBCT: $93.26 per tonne, unchanged
Hard coking coal, cfr Jingtang: $101.48 per tonne, unchanged

The South Asian country earlier this week lifted its...

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