COKING COAL DAILY: Seaborne premium price up on ex-China demand

Seaborne premium hard coking coal prices edged up on Friday August 21, with ex-China demand picking up, sources said.

Fastmarkets indices
Premium hard coking coal, fob DBCT: $104.71 per tonne, up $0.54 per tonne
Premium hard coking coal, cfr Jingtang: $114.63 per tonne, up $0.03 per tonne
Hard coking coal, fob DBCT: $85.19 per tonne, up $0.17 per tonne
Hard coking coal, cfr Jingtang: $98.29 per tonne, unchanged

A 50,000-tonne cargo of premium mid-volatility hard coking coal, with September 11-20 laycan, was traded at $100.50 per tonne fob Australia on Thursday August 20, Fastmarkets learned today.

A buyer source from India said that the bid for premium mid-vol hard coking coal was at $117 per tonne cfr India.

“There are no fundamental changes in the fob market,” a trader source from India said.

Several market participants from China said that seaborne premium hard coking coal prices in the cfr market remained flat.

“The premium low-volatility hard coking coal price is at around $119 per tonne cfr China and the premium mid-vol [hard coking coal] price is at around $108 per tonne cfr China,” a trader source estimated. Others interviewed agreed.

Dalian Commodity Exchange
The most-traded January 2021 coking coal contract closed at 1,198.50 yuan ($173.19) per tonne on Friday, down by 16 yuan per tonne.

The most-traded January 2021 coke futures contract closed at 1,931 yuan per tonne, down by 24 yuan per tonne.

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