Trading activity for seaborne hard coking coal picked up this week, with Chinese market participants flagging interest for low-ash, low-sulfur materials.
Tier-two cargoes were heard to have changed hands at around $182-185 per tonne fob Australia this week, market participants told Metal Bulletin on Wednesday January 17. "The pick-up in the trading of second-tier materials is along expected lines given the [big] price gap between premium hard coking coal and hard coking coal, coupled with good demand from China for such materials," a trader source said. Meanwhile, transactions involving seaborne premium hard coking coal remained elusive following a...