The cfr China segment of the seaborne coking coal market continued to weaken on Thursday June 6, with a cargo of premium materials being traded below prevailing levels.
A cargo of a top Australian brand scheduled for loading over July 10-24 was sold to a Chinese trader at $204.67 per tonne cfr China, various sources told Fastmarkets.The same brand had changed hands at $212.77 per tonne cfr China more than two weeks ago. At the time of writing, another seller was still offering two other top Australian brands at $209.50 per tonne cfr China and $208.50 per tonne cfr China, a mill source in Jiangxi...