Seaborne coking coal prices remain firm, with market participants expecting the resurgence of Chinese demand to set direction in the coming weeks.
Premium category cargoes were heard offered at around $235 per tonne cfr China on Tuesday February 27, with offers on second-tier materials at around $200 per tonne cfr China. Bids on fob Australia premium hard coking coal moved up to $230 per tonne on Tuesday while offer levels dropped to $240 per tonne. A Chinese trader source said that tight coking coal supply from Australia and in the domestic Chinese market...