The seaborne coking coal market picked up some strength on Tuesday May 7, with the gap between bids and offers narrowing on the Global Coal trading platform.
A cargo of branded materials, scheduled for loading in June, was first made at $216 per tonne fob Australia earlier in the day before being revised downward to $213 per tonne fob.Meanwhile, a bid for the same cargo went from $205 per tonne fob to $208 per tonne fob over the course of the day.In China, trading activity remained scarce but sentiment was...