Trading activity in the seaborne coking coal market remained scarce on Thursday November 8, leaving participants with a murky outlook in the absence of transactional cues.
A bid was made for a cargo of premium hard coking coal at around $212 per tonne fob Australia during the day, but no firm offers were heard.The last transaction involving a cargo in the same bracket was concluded at $216.50 per tonne fob Australia last Friday.A trader source said that maintenance works at the Dalrymple Bay Coal Terminal (DBCT) - which lasts until November 30 - and at the Hay Point Coal Terminal - lasting until around December 12 - was likely to limit the number of cargoes offered in the spot market.Both terminals are located in Queensland, Australia's biggest coal-producing state.The DBCT...