CONF: Local, imported coking coal prices to diverge in Q2

In Q2, China’s domestic coking coal price may strengthen amid supply tightness while seaborne coking coal price may soften on higher shipments, speakers shared their views on April 11 at the 2019 China Coal Market Annual Conference & Global Seaborne Coal Market Summit in Shanghai.

China’s domestic coking coal market is facing low stocks, potential declines in production while firm demand from domestic steel mills, all being supportive to the price, while seaborne coking coal supplies are expected to grow over April-June thus imposing downward pressure on the price in Q2, according to the