COKING COAL DAILY: Mongolia supply disruption weighs on market sentiment in China

August 24, 2021 / www.metalbulletin.com / Article Link

China's domestic coking coal market rose sharply in the week to August 23 due to the supply shortage from Mongolia, which also weighed on market sentiment in seaborne coking coal prices in the cfr China market. The fob Australia market inched up amid steady buying interest for October-laycan cargoes, sources told Fastmarkets.

Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $381.73 per tonne, up $13.24 per tonne
Hard coking coal, cfr Jingtang: $352.90 per tonne, up $26.89 per tonne
Premium hard coking coal, fob DBCT: $227.75 per tonne, up $0.89 per tonne
Hard coking coal, fob DBCT: $198.91 per tonne, unchanged
In China's domestic coking coal market, prices rose day on day in the week to August 23 due to supply tightness, especially for low-sulfur and high-quality coking coal in Shanxi, sources said.

Multiple coal mines that produce low-sulfur coking coal closed in north China's Shanxi province...

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