Chinese demand for seaborne coking coal remains underpinned ahead of next week's New Year Holiday, market participants said on Friday February 9.
Surging domestic coking coal prices in the country and limited inventories meant mills were encouraging buyers to enquire about seaborne materials, a trader source said. "Some domestic miners have already gone on leave and that is further tightening supplies, [along with] the limited transportation options with the railway network being used primarily for thermal coal distribution," a second trader said. A cokery source...