The seaborne coking coal market was mostly stable on Friday May 17, though a lower fob Australia offer emerged on trading platform Global Coal.
A June-laycan cargo of branded materials was offered at $209 per tonne fob Australia, down $5 per tonne from an offer of $214 per tonne a day earlier, sources said. "This offer is in line with market expectations," an Indian trading source said.A trading source in Australia agreed, saying his clients' indicative bids were around $205-210 per tonne fob Australia.In China, a cargo of a top Australian brand of premium hard coking coal,...