Seaborne coking coal spot prices maintained its upward momentum on Friday January 25 with buyers snapping up cargoes following price increases earlier this week.
A February-loading cargo of premium mid-vol hard coking coal was traded at around $195-196 per tonne fob Australia while a higher-ranked product in the same segment, scheduled for loading in March, change hands at $200 per tonne fob Australia, sources said."Chinese buyers have started to buy so Indian buyers who had been waiting for prices to bottom out have also come back to the market," an end-user source in...