Seaborne coking coal prices softened on Friday May 11, though market participants in China said that they do not expect any significant drops in the coming week.
A cargo of premium hard coking coal changed hands at $181.50 per tonne fob Australia during the day, sources told Metal Bulletin. A trade involving premium materials was also concluded at $185 per tonne fob Australia a day earlier, they said. There was also talk about a cargo of premium low-vol product changing hands at around $198 per tonne cfr China. "We do...