The ample availability of seaborne coking coal has given Chinese buyers the edge in the spot market, with prices experiencing a gradual decline as underlined by recent transactions, participants said.
A cargo of premium hard coking coal was heard to have been traded at around $201 per tonne cfr China on Friday April 13, sources told Metal Bulletin. This joins other transactions in the top-tier segment of the coking coal market that were concluded at $199-203 per tonne cfr China this week. Offers for such materials on an fob Australia basis were...