The seaborne coking coal spot market saw a flurry of transactions on Monday July 9, though Chinese end-users remained on the sidelines.
"We have decided to take our time because we have sufficient levels of inventory as of now. There is also some congestion at our port of discharge at the moment," a procurement source in northeast China said. He had submitted a firm bid for a cargo of premium mid-vol hard coking coal at $190 per tonne cfr China last week. A 30,000-tonne...