COKING COAL DAILY: Seaborne prices relatively flat despite futures price drop

Seaborne coking coal prices in both the fob and cfr markets were relatively flat on Wednesday October 27. And China's National Development and Reform Commission (NDRC) intervened in the coal market to curb thermal coal prices, which led to a sharp drop in the coal and coke futures market.

Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $614.46 per tonne, up by $0.09 per tonne
Hard coking coal, cfr Jingtang: $568.59 per tonne, unchanged
Premium hard coking coal, fob DBCT: $399.60 per tonne, down by $0.32 per tonne
Hard coking coal, fob DBCT: $339.84 per tonne, unchanged

A 75,000-tonne cargo of premium low-volatility hard coking coal, with November 16-25 laycan, was traded at $397...

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