COKING COAL DAILY: Pessimism in China weighing on seaborne prices

November 27, 2018 / www.metalbulletin.com / Article Link

Increasingly gloomier sentiment in China following a continual decline in its downstream ferrous markets has led to a drop in prices for seaborne coking coal sold into the country.

A top Australian brand was heard offered at $221 per tonne cfr China during the day, while a second-tier product was offered at $203 per tonne cfr China, a Chinese end-user source told Fastmarkets on Monday November 26. These are down $4 per tonne and $5.50 per tonne respectively in comparison with the last offers for these materials."Coke prices are falling and no one [in China] is willing to buy in the seaborne market...

Recent News

Gold stocks propelled by gain in metal and equities

May 13, 2024 / www.canadianminingreport.com

Big Gold producers report strong Q1/24 results

May 13, 2024 / www.canadianminingreport.com

Gold stocks decline as metal drop offsets equity risk on

May 06, 2024 / www.canadianminingreport.com

Canadian mining equity capital raising robust in 2023, early 2024

May 06, 2024 / www.canadianminingreport.com

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok