Seaborne coking coal prices were stable on Thursday May 17, though uncertainties about Australian supply and a strengthening downstream market appear to have improved sentiment, participants said.
While trading activity remained thin in the hard coking coal segment during the day, a June-laycan cargo of low-vol pulverized coal injection materials was heard traded against an index at a 1-2% premium.Domestic steel and metallurgical coke prices in China have both experienced gains in recent weeks.East China's Rizhao Iron & Steel was heard to have raised its coke purchase price by another 100 yuan ($16) per tonne from Thursday onward for term contract suppliers. This follows three increases made this month totaling 150 yuan per tonne...