A flurry of transactions took place in the seaborne coking coal spot market on Thursday March 15, which gave some support to prices for premium products.
A cargo of premium mid-vol hard coking coal with an early-April laycan was heard to have been sold against index with a discount of under 1% to an end-user while another shipment of the same brand was traded at $215 per tonne fob Australia. A premium mid-vol product changed hands at $220.50 per tonne cfr China, market sources said. A cargo of premium low-vol materials had traded at the same price a day earlier."Chinese buyers will snap up premium-category cargoes, especially low-vol and...