WEEKLY: China’s imported met coal prices hit 5-month high
Sep 22, 2020 16:00
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The price of seaborne premium low-volatile hard coking coal destined for China hit a five-month high of $138/t CFR North China as of September 18, or up sharply by $12/tonne on week, according to Mysteel’s assessment. Market sources cited growing demand in China as the main reason for the price spike.
The on-week price strengthening picked up pace over September 14-18, Mysteel Global notes, with the latest weekly surge also being more substantial than the gains witnessed in prices of domestic premium coals. As of last Friday, the price of the country’s domestically-produced premium coking coal with sulphur at 0.6% and