Forward cargoes of seaborne coking coal continued to fetch lower prices on Thursday March 14, with some buyers in China saying that they would take a wait-and-see approach amid the emergence of what appears to be a downtrend.
On the Global Coal trading platform, a June-laycan cargo in the branded segment of premium hard coking coal was traded at $202.40 per tonne fob Australia, lower than the transaction price of $204 per tonne fob Australia for a May-laycan shipment a day earlier.Thursday's transaction was concluded after Fastmarkets' 6pm cut-off time for data collection, and as such, was not included in the calculation of its MB fob Australia Premium Hard Coking Coal Index. Meanwhile, a...