COKING COAL DAILY: Outlook turns bearish

October 31, 2019 / www.metalbulletin.com / Article Link

Market participants flagged a bearish outlook on seaborne coking coal prices in the coming weeks, citing the dwindling attractiveness of imported cargoes for Chinese buyers.

Fastmarkets indicesPremium hard coking coal, fob DBCT: $143.81 per tonne, down $2.59 per tonnePremium hard coking coal, cfr Jingtang: $161.53 per tonne, unchangedHard coking coal, fob DBCT: $129.36 per tonne, unchangedHard coking coal, cfr Jingtang: $141.14 per tonne, unchangedLow-vol PCI, fob DBCT: $99.39 per tonne, unchangedLow-vol PCI, cfr Jingtang: $106.50 per tonne, unchanged"The gap between imported and domestic cargoes has been narrowing as the...

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