Seaborne coking coal prices continued to edge higher on Wednesday May 9 with buyers taking positions before prices increase further in a rising market.
A premium mid-vol cargo with May 20-30 laycan, was sold at $195.50 per tonne cfr China to an end user, sources told Metal Bulletin. This is $2.50 per tonne higher than a transaction for the same brand a day earlier. A lower-ranked second-tier hard coking coal cargo traded at $167 per tonne fob Australia...