Seaborne coking coal prices retreated on Monday April 9 amid ample offers and an alleviation of concerns over the weather in Australia's coal-producing region.
A cargo of premium hard coking coal was traded at $191 per tonne fob Australia during the day, market sources told Metal Bulletin. An ex-China buyer source said that he had received offers for several cargoes of premium products from sellers in Australia and the United States, an indication that the "market is headed for a decline due to ample supply." "Traders and miners have lots of materials...