Seaborne coking coal prices remained firm on Monday June 11, with limited spot cargo availability and interest among Chinese buyers buoying prices.
A premium low-vol cargo was heard to have been bought by a Chinese end user at a 3% premium over a premium-low vol index, market sources said. A buyer source in China said that seaborne coking coal prices were unlikely to drop immediately as miner offers on July and August laycan cargoes in the spot market were limited. A seller source said the market had previously been inundated with spot offers for May and June-laycan cargoes and the plentiful offers...