Seaborne coking coal prices firm amid looming supply concerns

By Deepali Sharma / February 05, 2018 / www.metalbulletin.com / Article Link

Seaborne coking coal prices remain firm amid concerns about possible weather-related disruptions in Australia and tight supply in China's domestic market.

"There has been a lingering tightness in the mid-vol premium Australian hard coking coal segment, with the cyclone season making buyers more nervous now," a trader source said on Monday February 5. The Queensland Bureau of Meteorology has issued warnings of heavy rainfall and minor flooding in parts of the Australian state. Rail operator Aurizon told Metal Bulletin on Monday that the Queensland Coal Network was open and operating. Supply in the seaborne coking coal...

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