The seaborne coking coal spot market was mostly stable on Wednesday September 5 with end-users retreating to the sidelines to await more clarity on price trends before they decide their next move.
Two cargoes of premium mid-vol hard coking coal were traded at $184 per tonne fob Australia to the ex-China market, sources confirmed to Metal Bulletin during the day.A miner and a Chinese end-user also agreed on a price of $168 per tonne fob Australia for a cargo of higher-ranked second-tier hard coking coal that forms part of a term contract between them, according to various sources.A source at the mining company concerned said that a trader had...