Seaborne coking coal buyers are expecting prices for premium hard coking coal to fall amid ample availability of cargoes in the market.
A shipment of premium low-vol materials was heard to have traded at $235 per tonne cfr China on Thursday March 8. Half of the 10 cargoes of premium materials offered in the market have a March-laycan while the rest are scheduled for loading in April, according to various sources."Neither [buyer nor seller] seems to be giving in at the moment but there are clearly too many cargoes [available]," an...