The price gap in the seaborne coking coal market between fob Australia and cfr China segments continues to leave market participants in a daze.
"There are more than 50 vessels waiting at the Dalrymple Bay Coal Terminal (DBCT) as of today. All four berths at DBCT were closed from the 8th-10th of December due to fears of cyclone. It has since reopened," an Indian end-user source said.He added that there is no immediate impact but pressure is building."No [higher ranked] premium mid-vol hard...