The seaborne premium hard coking coal fob price fell on Monday following a trade concluded at a lower price, sources said, while highway transport in Tangshan city was halted due to a Covid-19-led lockdown.
Seaborne premium hard coking coal prices in the cfr China market continued to track upward on Thursday March 17 despite limited trading, while prices in the fob Australia market remained steady, sources said.
Seaborne premium hard coking coal fob price increased on Monday March 14, with bids for April-laycan cargoes reaching $670 per tonne fob Australia, while a growing number of coke plants in north China proposed a fourth round of coke price increases.
Seaborne coking coal fob prices increased on Wednesday March 9, with deal prices reaching $650 per tonne fob Australia, with heavy rains and devastating floods forcing the government to announce a “state of emergency” across the whole east coast region.
Seaborne coking coal prices in the fob Australia market soared on Tuesday March 8, with bids for premium low-volatility hard coking coal reaching $650 per tonne. Meanwhile, mills in China's Hebei province have accepted a third round of coke price increases.