Coal news and updates

 

Seaborne coking coal prices continued to rise on Monday July 17, with some market participants flagging the robust performance of two major countries’ steel sector as a key factor sustaining the positive sentiment.

 

Offers of top-quality coal into China remained above $170 per tonne cfr China, and some steel mills are starting to show interest around those levels, according to market sources. "While a major reason behind the recent rally in seaborne prices is traders’ buying cargoes at higher prices, the steel sector performance, especially in China, and partially in India, is good as well," a buyer source in the South Asian country said. Another trader echoed.

 

Source: Metal Bulletin