The gap between prices for premium hard coking coal and hard coking coal in the seaborne market narrowed further on Wednesday April 25, and participants are divided about whether they have reached a floor.
A shipment of a top Australian brand with an early-June laycan was traded at $186 per tonne cfr China while a cargo of premium mid-vol materials with an end-May laycan changed hands at $182 per tonne cfr China, sources told Metal Bulletin during the day. A cargo of second-tier hard coking coal, also with its laycan set for end May, changed hands at $174.25...