Buying activity in the seaborne coking coal market continued to pick up with the transaction price of a premium category fob Australia cargo moving up this week.
The cargo was heard traded on an online trading platform at $215 per tonne fob Australia late on Tuesday January 30. The deal followed a transaction involving a higher-ranked cargo last week at $213 per tonne fob Australia.Market participants cited the recent uptick in Chinese buying activity as the reason for higher seaborne prices. "Yuan appreciation may be enticing some buyers who have the choice...