COKING COAL DAILY: Seaborne market quiet but prices hold steady

By Deepali Sharma / June 06, 2018 / www.metalbulletin.com / Article Link

The seaborne coking coal market was subdued on Wednesday June 6 though prices continued to experience support.

Buyer sources in India and China said that they were keen to procure June- and July-laycan spot cargoes despite recent price increases. "Some of our term cargoes of premium hard coking coal have been delayed but we've made up for some of that shortfall with spot tonnages," a buyer source in India said. "We are still in need of July-laycan spot tonnages but it seems miners do not have a lot to offer," he added. A north Asian buyer source said that maintenance of the Goonyella rail...

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