COKING COAL DAILY: Traders sound caution over Australian supply; prices plunge

Seaborne coking coal prices dropped below $140 per tonne on a fob-Australia basis on Friday April 3, with buyers maintaining a bearish outlook, though some traders highlighted potential supply concerns from Australia.

Fastmarkets Indices
Premium hard coking coal, fob DBCT: $138.60 per tonne, down $3.49 per tonne
Premium hard coking coal, cfr Jingtang: $145.75 per tonne, down $3.62 per tonne
Hard coking coal, fob DBCT: $125.64 per tonne, down $0.54 per tonne
Hard coking coal, cfr Jingtang: $129.48 per tonne, down $3.83 per tonne

A Panamax vessel of premium mid-vol hard coking coal was heard traded at $135 per tonne cfr China on Thursday April...

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