Seaborne coking coal prices were largely stable on Wednesday February 20 with market participants describing supply and demand as being in a tight balance.
A prompt cargo of premium hard coking coal was sold at $203.20 per tonne cfr China earlier in the day to an end user in Tangshan, in China's Hebei province. This is just $0.30 per tonne below a transaction involving the same brand of materials that was concluded last Thursday."This shows that port restrictions may not be affecting end users in China to the extent that the market had imagined....