Trading activity in the second-tier segment of the coking coal market appears to be gaining traction following the emergence of more offers and bids.
At least four cargoes of second-tier hard coking coal with laycan of February or March were offered in the market, sources said on Tuesday February 19.Two cargoes of a higher-ranked brand of hard coking coal were sold at $180 per tonne fob Australia to end users in China, though these formed part of term contracts and were not spot market trades. Lower-ranked products in the same segment were heard offered around $190-194 per tonne cfr China. Market participants said they were likely to...