The seaborne premium hard coking coal price in the fob market inched higher on Tuesday March 30 amid increasing buying interest, while the price was largely stable in the cfr China market despite China's falling metallurgical coke prices, sources said.
Fastmarkets indices
Premium hard coking coal, fob DBCT: $114.47 per tonne, up $1.00 per tonne
Premium hard coking coal, cfr Jingtang: $213.56 per tonne, up $0.06 per tonne
Hard coking coal, fob DBCT: $107.65 per tonne, up $1.84 per tonne
Hard coking coal, cfr Jingtang: $199.09 per tonne, down $0.15 per tonne
Major steel mills in north China proposed another domestic coke procurement price cut by 100 yuan per tonne on March 29 due to the production curbing pressure and low stocks of coke at plants, market sources said.
"With more mills sending out price cut proposals, some coke...