COKING COAL DAILY: Have prices reached a bottom?

August 24, 2019 / www.metalbulletin.com / Article Link

Seaborne coking coal prices were flat on Friday August 23, leaving segments of the market wondering if they have bottomed out.

Fastmarkets indicesPremium hard coking coal, fob DBCT: $153.67 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $166.12 per tonne, unchangedHard coking coal, fob DBCT: $138.76 per tonne, unchangedHard coking coal, cfr Jingtang: $153 per tonne, unchangedLow-vol PCI, fob DBCT: $105 per tonne, unchangedLow-vol PCI, cfr Jingtang: $111.77 per tonne, unchangedWhile trading was muted in the seaborne market, a source at a Chinese steel mill said that prices might not fall further after the recent spate of decreases. Prices have fallen steadily since...

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