COKING COAL DAILY: Seaborne prices quite flat; fob market active

Seaborne coking coal prices across the board remained relatively flat on Friday November 27, with trading active in the fob market, sources said.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $101.07 per tonne, down $0.47 per tonne
Premium hard coking coal, cfr Jingtang: $164 per tonne, unchanged
Hard coking coal, fob DBCT: $90.03 per tonne, unchanged
Hard coking coal, cfr Jingtang: $154.11 per tonne, unchanged
On Friday November 27, an 80,000-tonne cargo of premium low-volatility hard coking coal, with January 1-10 laycan, was traded at $102 per tonne fob Australia.
 A 75,000-tonne cargo of premium low-vol hard coking coal, with the same laycan, was traded at $102 per tonne fob Australia on Friday.
Late on Thursday November 26, an 80,000-tonne cargo of premium low-vol hard coking coal, with January 10-19 laycan, was traded at $101.75 per tonne fob Australia, sources told Fastmarkets.
A trader source from Singapore said the premium hard coking coal fob price has been relatively steady with transactions actively being made.
Meanwhile, the cfr market remained quiet, sources told Fastmarkets.
Chinese market participants were uncertain if the ban on Australian coal will be removed in the first quarter of 2021, however, one trader source and one coke producer source predicted that Australian coking coal cargoes, which had been waiting in anchorage, will be allowed to pass customs clearance sooner or later.
"There are nearly 7 million tonnes of Australian coking coal nationwide," the coke producer source said.
Dalian Commodity Exchange
The most-traded January coking coal futures contract closed at 1,431.50 yuan ($217.72) per tonne on Friday, up by 5.50 yuan per tonne.
The most-traded January coke contract closed at 2,449.50 yuan per tonne, up by 11.50 yuan per tonne.

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