Record cfr China coking coal premium to fob slips

摘要

Chinese coking coal import prices have hit record premiums above $140/t above fob Australia prices this month as China's ban on Australian supplies lifted prices for non-Australian origin cargoes. But the gap has begun to narrow with mine maintenance expected to tighten fob supplies. Chinese steel producers have scrambled to find alternatives as imports from its largest source came to a halt since the unofficial ban on Australian coal took effect in October. A supply gap remains as Chinese steel producers struggle to replace Australian coking coal.