Seaborne coking coal ports spot prices remain stable for the time being

On July 16, sea-shipped coking coal port spot prices remained temporarily stable. Currently, end users mainly purchase on a need-based basis, and there are plans for production cuts and maintenance in the future, so support from the upstream raw-material side is limited. Although coking coal futures have risen, the outlook for the market afterward is unclear, and market participants are still mostly on the sidelines, resulting in an overall average trading atmosphere for coking coal at ports.

The current prices are: K4 prime coking coal at Caofeidian port is 1,390 yuan/ton, and at Rizhao port is 1,390 yuan/ton; GJ1/3 coking coal at Caofeidian port is 1,305 yuan/ton, and at Rizhao port is 1,350 yuan/ton; Elga fat coal at Caofeidian port is 1,215 yuan/ton, and at Rizhao port is 1,225 yuan/ton; Inalyn fat coal at Caofeidian port is 1,280 yuan/ton (up 10 yuan/ton), and at Rizhao port is 1,310 yuan/ton; K10 lean coal at Caofeidian port is 1,400 yuan/ton, and at Rizhao port is 1,400 yuan/ton; gas coal SSCC at Lanshan port is 1,200 yuan/ton; Bely gas fat coal at Caofeidian port is 1,100 yuan/ton, and at Rizhao port is 1,060 yuan/ton; black water 1/3 coking coal at Caofeidian port is 1,400 yuan/ton, and at Rizhao port is 1,400 yuan/ton; Gonyela prime coking coal at Caofeidian port is 1,850 yuan/ton; Donia second-line coking coal at Caofeidian port is 1,650 yuan/ton, and at Rizhao port is 1,650 yuan/ton; Standa first-line coking coal at Caofeidian port is 1,820 yuan/ton, and at Rizhao port is 1,820 yuan/ton; Knuma second-line coking coal at Caofeidian port is 1,650 yuan/ton, and at Rizhao port is 1,650 yuan/ton. All of the above are port cash prices inclusive of tax for self-pickup. (MySteel)