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Kallanish Steel Weekly: Coking coal dives amid selling pressure

Kallanish Steel Weekly: Coking coal dives amid selling pressure (May 3, 2023)

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Australian fob coking coal prices dived last week amid selling pressure due to more supply and less demand.

Kallanish assessed premium hard coking coal at $229.28/tonne fob Australia, slumping $30.52/t from $259.80/t the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for May settled at $234.67/t on Friday, plunging $17.33/t from $252/t fob a week earlier.

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