Seaborne premium hard coking coal prices appeared to have stabilized on Wednesday August 7, with buyers continuing to take positions.
Top Australian brands have been reported changing hands at $161 per tonne fob Australia since last Friday, on steady buying interest, according to sources.A premium mid-volatility cargo traded for a price just above $157 per tonne fob, up from transaction levels of $153-155 per tonne fob earlier this week for similar materials, they added.Although coal import restrictions in China continued to limit demand from some Chinese traders, some steelmakers in the...