Import coking coal prices drop sharply in China

Friday, 20 September 2019 16:31:18 (GMT+3)   |   Istanbul

Import coking coal prices in China have decreased sharply this week due to ample supply and weaker sentiments. Australian hard coking coal tags have gone down by $9/mt to $141/mt CFR China, while prices of premium material have dropped $10.5/mt to $160/mt CFR.

A deal for mid-volatile hard coking coal has been signed at $139.5/mt CFR, SteelOrbis has learned. Oversupply in the market, together with minimal demand in the global market except China, has put pressure on prices. Moreover, the quota for import coal is near to its end, and so suppliers have been in hurry to sell the raw material before it is filled. The prices have touched the lowest level since 2016 and will keep falling, according to sources.

Most Recent Related Articles

Falling futures push iron ore prices down from recent highs

Pakistan resumes bulk scrap purchases, prices rises for containerized scrap

Daily iron ore prices CFR China - June 2, 2020

Local Chinese coking coal prices - week 22

Daily iron ore prices CFR China - May 11, 2020