Prices for seaborne cargoes of low-ash, low-sulfur coking coal in the second-tier segment continue to find support from sustained interest among Chinese buyers.
A cargo of top-quality materials in the segment was traded at $166-167 per tonne fob Australia, sources told Fastmarkets on Wednesday July 24.Market participants in China reiterated that a tight supply of good-quality second-tier materials from Australia was making prices for such materials to fall at a slower rate compared with the decline experienced by the premium segment.Fastmarkets' index for hard coking coal, cfr Jingtang has shed...