Concerns over a supply shortage of coking coal emerged among market participants outside China on Thursday May 31, ending the deadlock between sellers and buyers that has lasted several weeks.
"There will be a decrease in spot cargo availability in the July-September quarter due to [Australian rail freight operator] Aurizon's new maintenance plan. There are some adjustments in our contract for that period but we are mostly unaffected," a Northeast Asian mill source said. An Indian end-user source urged caution, saying "the port congestion as a result...