Coke and Coking Coal Highlights

摘要

Australian seaborne coking coal prices continued to suffer from slack demand overthe past week, as Chinese buyers took a wait-and-see attitude to placing new orders for cargoes. As a result, Australian suppliers turned to alternative markets and dropped hard coking coal prices by $2/tonne to $120/tonne FOB to secure ordervolumes. Meanwhile, MBR anticipates that subdued demand and ample supply of coking coal and coke in China has kept downward pressure on domestic benchmarks. This situation has been exacerbated in the Chinese coke market, where surplus volumes have been diverted to major ports.