COKING COAL DAILY: Seaborne prices drop but outlook mixed

Seaborne coking coal prices dropped on Thursday March 5, with a premium mid-volatility cargo fetching a price lower than some market participants' expectations because of concerns about the weather in Queensland, Australia.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $159.64, down $3.11 per tonne
Premium hard coking coal, cfr Jingtang: $174.23, down $1.63 per tonne
Hard coking coal, fob DBCT: $141.51, down $3.50 per tonne
Hard coking coal, cfr Jingtang: $155.00, down $1.50 per tonne

A 75,000-tonne premium mid-vol cargo was heard traded at $156.45...

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