WEEKLY: China price for imported coking coal plateaus

Mysteel’s price for imported premium low-volatile coking coal was flat on week at $173/tonne as of March 6, bringing an end to the price’s steady increase that began in early February. Last week, though the PLV price gained $3/t on Tuesday, by Friday the increase had evaporated entirely, mainly due to the ebb in demand for foreign coal in the meantime, sources explained.

“Chinese coking coal users are losing their interest in buying more foreign coking coal, after domestic coal miners began restarting business,” observed a Shanghai-based industry watcher, adding that Australian coking coal shipments to China have declined recently too. “Last week, most miners in core mining hubs of Shanxi (in North