Trading in the seaborne coking coal spot market came to a standstill on Wednesday December 26, with Australia on Boxing Day holiday and participants in China remaining in a wait-and-see mode.
"[Seaborne coking coal] prices have yet to bottom out so end users are not in a hurry to enter the market," a Chinese trader said."The recent call for another 100 yuan ($14.50) per tonne decrease in the coke price [in China] dampened sentiment further," a second source added."Coke prices have already fallen four...