Chinese interest continued to drive up the seaborne coking coal market on Wednesday April 17, with sellers issuing higher offers in response to recent transactions being concluded above prevailing levels.
A cargo of lower-ranked premium hard coking coal, scheduled for loading in April 20-30, was sold at $199 per tonne cfr China during the day to a steelmaker in southern China, sources told Fastmarkets. A cargo of the same brand materials with the same laycan was last sold at $191 per tonne cfr China to a northern Chinese end user two weeks ago. A mill source in southern China said that another seller had offered a cargo of the same product...