COKING COAL DAILY: Seaborne premium prices edge up amid concerns over China’s import quotas

摘要

Seaborne premium coking coal prices edged up on Thursday June 11, possibly supported by concerns over tightening import quotas in China, sources told Fastmarkets on Thursday June 11. An 85,000-tonne cargo of premium low-volatility hard coking coal, with July 10-19 laycan, was traded at $119.50 per tonne cfr China on Thursday June 11 as part of an auction, sources said. Market participants attributed the mild rise in seaborne premium hard coking coal prices to two possible factors: concerns over tightening import quota restrictions at Chinese ports; and the inelastic demand from major steel mills in China.