Sellers in the seaborne coking coal market maintained their offers on Thursday November 15 despite inactivity, with supply of the steelmaking raw material tightening amid steady demand from downstream sectors.
"[China's biggest met coal producer] Shanxi Coking Coal Group talked about its plans to shut down certain coking coal mines next year thereby decreasing its total output. Coke plants will probably have to procure more from the spot market then [as opposed to via term contracts]," a Chinese trading source said.A second trading source said...