The seaborne coking coal spot market strengthened on Wednesday October 17 after end users outside of China snapped up cargoes at higher prices.
While a November-laycan cargo of a top Australian brand was sold to a southern Chinese mill at $216 per tonne cfr China, an East Asian steelmaker paid $225 per tonne fob Australia for a similar shipment during the day, according to various sources.A 50,000-tonne shipment of another top Australian brand was heard traded at $226 per tonne fob Australia together with a 25,000-tonne shipment of premium mid-vol hard coking coal that was priced at $221 per tonne fob Australia, sources said. The buyer is a European mill, they said.A November-loading cargo of the second top Australian brand had been sold...