Sentiment in the seaborne coking coal market continued to be dictated by uncertainties over Australia supply as well as the strength in China's domestic market for the steelmaking raw material.
A cargo of premium mid-vol hard coking coal was traded around $202 per tonne cfr China while a shipment of second-tier materials changed hands at $193 per tonne cfr China, market sources told Metal Bulletin on Thursday June 7. "Demand for second-tier seaborne cargoes in China is robust as Mongolian supply is tight due to restrictions on the movement of trucks into [China from Mongolia]," a trader source said. A South Asian buyer...