COKING COAL DAILY: Prices jump to new historical highs on tight supply and good overseas demand

Seaborne coking coal prices across the board in both fob and cfr markets jumped on Monday September 6 on sustained tight supply and good overseas demand, reaching new highs since Fastmarkets established its coking coal indices. And the ninth round of Chinese domestic coke price hikes since the start of August was fully executed.

Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $450.61 per tonne, up by $8.64 per tonne
Hard coking coal, cfr Jingtang: $425.11 per tonne, up by $21.61 per tonne
Premium hard coking coal, fob DBCT: $276.60 per tonne, up by $6.28 per tonne
Hard coking coal, fob DBCT: $234.89 per tonne, up by $8 per tonne

In the fob market, the bid for a December-laycan cargo of premium low-volatility hard coking coal was $279 per tonne fob Australia...

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