COKING COAL DAILY: Seaborne prices continue to search for bottom

August 07, 2019 / www.metalbulletin.com / Article Link

Seaborne coking coal prices softened further on Tuesday August 6 with bearishness extending amid limited buying from traders.

A cargo of premium mid-vol product with laycan in the second half of August traded recently at $164 per tonne cfr China, sources told Fastmarkets on Tuesday. This compared with similar materials heard sold at $165.50-166 per tonne cfr around the past weekend. A top-brand cargo to be loaded in October was heard to have changed hands at $161 per tonne fob Australia, while two deals were heard concluded for a mid-vol brand at $154-155...

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