Prices for seaborne premium hard coking coal sold into China picked up on Tuesday July 31, though market participants remained bearish, mostly due to ongoing port congestion in the country.
A cargo of a top Australian brand and another of premium mid-vol materials, both with a September laycan, were traded at $186.88 per tonne cfr China and $178.36 per tonne cfr China respectively via a tender during the day, multiple sources told Metal Bulletin. "Imported coking coal prices are cheap enough for mills in...