20
Oct
04:19
Coking coal plunges on falling steel margins
Australian fob coking coal prices plunged during the week ended 20 October, as falling steel margins pressured its demand.
Kallanish assessed premium hard coking coal at $342.22/tonne fob Australia, down $19.26/t from $361.48/t fob the previous week.
On the Singapore Exchange, Premium Coking Coal Futures for November settled at $319/t fob on Friday, down $21/t from $340/t fob a week earlier.
Citing globalCOAL, a trader reveals that a trade was done at $340/t fob…
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Anonymous
Very good overview of the weekly steel market.
Anonymous