COKING COAL DAILY: Procurement demand from China supports cfr price

July 27, 2021 / www.metalbulletin.com / Article Link

Seaborne coking coal prices continued to be supported by regular procurement demand in the cfr market on Monday July 26, while the fob market was largely stable on new buying interest for August-loaded cargoes.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $214.63 per tonne, down $0.43 per tonne
Premium hard coking coal, cfr Jingtang: $315.07 per tonne, up $0.66 per tonne
Hard coking coal, fob DBCT: $181.91 per tonne, unchanged
Hard coking coal, cfr Jingtang: $271.53 per tonne, up $1.53 per tonne
The seaborne coking coal market was broadly stable on Monday after a few deals for United States-origin coking coal during the previous week.

"Large steel mills still have regular procurement demand for seaborne cargoes which would keep supporting prices," a Shanghai-based...

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