The seaborne coking coal market remained stable on Monday May 21, with market participants still monitoring the rail capacity situation on the Goonyella line in Queensland, Australia.
A Panamax premium cargo with volatile matter (VM) at around 23, and with a May 20-30 laycan, changed hands at $193 per tonne cfr China. And two cargoes of second-tier hard coking coal traded at $183.50 per tonne and $184.50 per tonne cfr on Friday, market sources said on Monday. East China's Rizhao Iron & Steel was said to be raising its coke purchase prices by another 100 yuan ($15.70) per tonne from Tuesday and will be paying 2,050 yuan per tonne for materials with 57%...