Premium hard coking coal price in the fob Australia market continued to fall on Wednesday June 8, mainly due to weak steel sales across Asia, sources told Fastmarkets.
Seaborne hard coking coal price in the fob Australia market fell on Monday June 6, with lower-cost Russian coking coal available in the spot markets in India and China. Some coke producers in Northern China, meanwhile, proposed their first price increases since the start of June.
More than 50 trucks of Mongolia-origin semi-soft coking coal and crude coal crossed into China at Ceke port on Wednesday May 25, as the border crossing reopened for coal delivery on a trial basis, market sources told Fastmarkets.
The premium hard coking coal price in the fob Australia market dropped drastically on Wednesday May 25 following two trades, while more Russian coal became available in the cfr China market.
Seaborne coking coal prices in the cfr China market edged up on Tuesday May 24 despite weak buying interest, but prices for North America-origin coking coal were still to high for Chinese market participants, sources said.