TSX:TECK.A - Post by User
Post by
jrj90620on Apr 29, 2021 2:42pm
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Post# 33094786
Good profits on met coal to China
Good profits on met coal to China "We're continuing to try to maximize sales to China. But as Don is saying, we have contractual commitments with long-term customers in other markets," Foley said. "So we're still looking at that similar target, 7.5 million mt for all of 2021."
Freight from Canada's Pacific terminals, such as the newly commissioned Neptune upgrade facility in Vancouver to China, was indicated currently in the low $20s/mt. Teck said it had loaded 18 vessels from Neptune.
Shipping times and costs from terminals in British Columbia to China, compared with US coals on longer voyages to Asia is one advantage for Teck and other Canadian met coal suppliers, such as Conuma Coal.