Seaborne hard coking coal prices in the fob market gained support from restocking activity on Wednesday May 19, whereas major buyers in the cfr market stood on the sidelines, market sources said.
Fastmarkets indices
Premium hard coking coal, fob DBCT: $129.18 per tonne, up $5.50 per tonne
Premium hard coking coal, cfr Jingtang: $269.78 per tonne, down $3.37 per tonne
Hard coking coal, fob DBCT: $111.96 per tonne, up $4 per tonne
Hard coking coal, cfr Jingtang: $235.94 per tonne, down $2.50 per tonne
A steel mill in Vietnam procured Australian coking coal on a demand basis in the fob market on Wednesday at a higher price than the previous day.
Some steel mills in the global market started necessary procurements due to strong steel prices and downstream steel demand as...