Seaborne coking coal sold to China continued to fetch higher prices on Tuesday January 29 against expectations, sending most buyers to the sidelines.
A March-laycan cargo of premium mid-vol hard coking coal was sold at $203 per tonne cfr China to an end user in northeastern China, sources told Fastmarkets during the day."We needed this specific cargo for production so the price [at $203 per tonne cfr China] is acceptable for us. This is also similar to what we are paying...