COKING COAL DAILY: Prices strong in China amid supply tightness

Seaborne coking coal prices maintained their upward trend in the cfr China market amid continuous supply tightness on Tuesday August 24. The fob market increased amid stable buying interest, sources said.

Fastmarkets indices
Premium hard coking coal, cfr Jingtang: $386.83 per tonne, up $5.10 per tonne 
Hard coking coal, cfr Jingtang: $356.68 per tonne, up $3.78 per tonne 
Premium hard coking coal, fob DBCT: $234.09 per tonne, up $6.34 per tonne
Hard coking coal, fob DBCT: $200.91 per tonne, up $2 per tonne
In China, the domestic coke market continued to show a strong upward trend in the week to August 24 due to increased domestic coking coal prices, sources said.

Thus far this month, domestic coke prices have increased five times (as of August 20) with a total increase of 600 yuan per tonne. On August 23, major Chinese coke producers proposed to increase coke prices again by 120 yuan per tonne due to strong coking coal...

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