Teck restructures sales book to target more China sales
Coking coal major Teck Resources has announced that it is restructuring its sales book for next year to target higher sales to China, where prices have increased on the back of rising demand.
The Canadian major is targeting Chinese sales of 7.5-million tonnes in 2021, which it aims to sell at CFR China pricing that is currently at a premium of about $50/t to Australian FOB spot pricing.