Seaborne coking coal prices remain under pressure, with a cargo of premium materials being offered below $200 per tonne fob Australia on Tuesday March 27.
There was also talk about another cargo of similar materials being offered around $205 per tonne cfr China. A Chinese trader source attributed the sudden plunge in seaborne coking coal prices to the weakening downstream market."[Prices] had been pretty high and the uptrend had to end at some point," he said. A north Asian trader source said he was expecting the market to...