Market participants expect to see little movement in seaborne coking coal prices in the coming days amid ample offers.
A cargo of premium hard coking coal has been traded around $202 per tonne cfr China this week, market sources told Metal Bulletin on Tuesday April 10. Market participants indicated that the shipment had fetched a slight premium due to its volume, because otherwise, "there is little room for prices to experience significant upward movement." In the ex-China market, bids for premium mid-vol materials stayed below $190 per tonne fob Australia. Queensland's Dalrymple Bay Coal Terminal will undergo...