After suffering a fatality last week, Argus Media reported that Shanxi province ordered the 6-million metric-ton-per-year (mt/y) Wangjialing coking coal mine to suspend operations for a month to improve safety. The outage could cost 500,000 mt of coal production from the underground mine, located near Linfen.
Argus reported that prices for low-sulfur hard coking coal from the Liulin region of Shanxi province rose by ¥200/mt ($31/mt) to ¥3,900/mt ($603/mt) for the highest grade. A Liulin mid-vol equivalent spec rose by ¥100/mt to ¥3,450/mt. Some low-sulfur grade coals in the Changye region of Shanxi are selling at a record high of ¥4,370-4,375/mt, or above $675/mt FoB.
Chinese import prices for premium low-vol hard coking coal rose by $5.70/mt to $412.35/mt CFR, according to Argus, a new record for the index since it launched in 2010.
Read more at Argus Media