Russian coking coal trade inactive at N China ports

Offers for forward-delivery Russian coking coal were range-bound at N China ports recently, pressured by modest interest among domestic traders. Only individual mainstream mines slightly picked up their tendering prices for imported Russian coal as portside spot prices edged higher earlier this week. Spot trading activity was thin as downstream buyers were largely sidelined in anticipation of further coke price cuts domestically. Some spot prices for low-A K4 coking coal stood at 1,260-1,270 yuan/t, up 10 yuan/t WoW, ex-stock with VAT. Inagli fat coal was offered at 1,140-1,150 yuan/t, up 10 yuan/t WoW; Elga fat coal at 1,060-1,070 yuan/t, flat WoW.

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