China AM: Coking coal futures buck downtrend amid cyclone concerns

摘要

China’s coking coal futures were marginally higher after morningtrading on Wednesday March 29, with mining operations beingsuspended in some parts of Queensland, Australia due to a cyclone.Metal Bulletin’s 62% Fe Iron Ore Index rose $0.44 per tonne to $82.01per tonne on Tuesday.Rio Tinto is offering 190,000 tonnes of Pilbara Blend fines, laycanApril 13-22, through a tender that closes at 3pm.Vale is offering offered 70,000 tonnes of 65% Fe Iron Ore Carajasfines on Global Ore at the May average of Metal Bulletin’s 65% Fe IronOre Index with a premium of $3.50 per tonne. The shipment’s bill oflading is dated March 31.