There is still room for seaborne coking coal prices to increase amid expectations of tightening supply and robust Chinese demand, market participants said on Tuesday June 5.
A premium category cargo was heard to have changed hands at around $194 per tonne fob Australia late evening, market sources said. "Demand from Chinese buyers is robust and steelmakers expect to be able to get a better deal on prices if they purchase from traders since miners are refusing to lower their offers," a trader source said. The trader thinks cargoes of premium materials "can easily fetch $200 per tonne cfr China."...