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Australian coking coal miner Tahmoor Coal has secured a $140 million private-credit loan from RRJ Capital to restart its operations
Benchmark coking coal contract in China retreats more than 3%.
Chinese coking coal prices were heading for the biggest monthly gain on record, as supply of the steelmaking raw material tightens on the back of output disruptions and tougher safety checks.
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Rising coking coal prices pushed China’s benchmark coke futures contract up 3.94% to 2,174 yuan a metric ton as mills continued restocking inventories.
China’s coking coal squeeze is set to persist into next year, supporting strong import demand even as efforts to revive domestic output start to cool prices
China’s most-active coking coal contract drops 3.7% to 1,608 yuan per metric ton, lowest since Aug. 28
Most-active coking coal contract in China slides more than 3%
China’s benchmark coking coal contract gains 7.58%, reaching 1,746 yuan per metric ton.
China’s benchmark coking coal contract gains 4.81%, reaching 1,701 yuan per metric ton.
The most-active coking coal contract in China climbs 4% to 1,688 yuan per metric ton.