COKING COAL DAILY: Seaborne premium price up on ex-China demand

Seaborne premium hard coking coal prices edged up on Friday August 21, with ex-China demand picking up, sources said.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $104.71 per tonne, up $0.54 per tonne
Premium hard coking coal, cfr Jingtang: $114.63 per tonne, up $0.03 per tonne
Hard coking coal, fob DBCT: $85.19 per tonne, up $0.17 per tonne
Hard coking coal, cfr Jingtang: $98.29 per tonne, unchanged
A 50,000-tonne cargo of premium mid-volatility hard coking coal, with September 11-20 laycan, was traded at $100.50 per tonne fob Australia on Thursday August 20, Fastmarkets learned today.
A buyer source from India said that the bid for premium mid-vol hard coking coal was at $117 per tonne cfr India.
"There are no fundamental changes in the fob market," a trader source from India said.
Several market participants from China said that seaborne premium hard coking coal prices in the cfr market remained flat.
"The premium low-volatility hard coking coal price is at around $119 per tonne cfr China and the premium mid-vol [hard coking coal] price is at around $108 per tonne cfr China," a trader source estimated. Others interviewed agreed.
Dalian Commodity Exchange
The most-traded January 2021 coking coal contract closed at 1,198.50 yuan ($173.19) per tonne on Friday, down by 16 yuan per tonne.
The most-traded January 2021 coke futures contract closed at 1,931 yuan per tonne, down by 24 yuan per tonne.

Gold stocks decline on flat metal and mixed equities

Copper price expected to range from flat to slight gain in 2025

China's gold holdings to central bank reserves still low

China has broad effect on gold market

Gold stocks mixed after previous week's huge gains