Trading activity in the seaborne coking coal market remained muted on Monday November 19 on end-user import restrictions, despite some participants expressing a bullish outlook on prices amid supply concerns and firm Chinese demand.
There is talk in the market that the delivery date of shipments of a premium mid-vol hard coking coal will now be delayed by a month due to mining issues, at least three market sources confirmed."This issue started 10 days ago and is confirmed, although an official notice has yet to be released. This will further tighten seaborne supplies," an Indian end user source said.Supply side concerns have persisted in the seaborne market since US coal miner Peabody Energy said that it does not expect to resume production at its North Goonyella mine in Queensland, Australia, until the second half of 2019...