The trading lull persisted in the seaborne coking coal market on Wednesday December 19 amid muted demand in China and the lack of a clear direction for the ex-China market.
"No one is trading in the market now because people just don't know which way prices are going," an end-user source in India said. While the source does not think supply is tight in the market, he is keeping an eye on developments at the Hay Point Coal Terminal in Queensland, Australia's coal production hub. "The planned maintenance at Berth 2 in Hay Point was supposed to wrap up on December 20. I've been informed that it has been extended to...