Trading activity in the seaborne coking coal market remains thin, though some buyers are expecting prices to rise amid a paucity of Australian supply.
A cargo of tier-two product was heard offered around $195-200 per tonne fob Australia while top-tier materials were said to be available at $240-250 per tonne cfr China. "It is definitely a sellers' market at this stage with very few seaborne cargoes on offer," a buyer source in China said. The source said he had a bullish view about prices amid Chinese mills' strong margins and with domestic miners in...