Demand for seaborne coking coal remains strong amid tight supply of domestic materials in China, market participants said on Wednesday February 7.
A cargo of premium low-vol hard coking coal, with laycan set for the end of February, was traded around $225 per tonne cfr China this week after a transaction involving a prompt cargo was concluded at just above $230 per tonne cfr earlier this week, market sources said. The gap between the traded levels shows buyers' willingness to pay higher for readily available cargoes."With domestic...