Seaborne coking coal spot prices were largely stable on Monday July 2 despite some offers being made above prevailing levels, which kept end-users away from the market.
"The offers are not representative of the current market. Prices were propped up after last week's trade [of $211 per tonne cfr China]," a Chinese trader told Metal Bulletin. An end-user source said that the current market was artificially high, which made it harder for him to negotiate a transaction. He wanted to procure a cargo of premium mid-vol materials at below...