The seaborne coking coal market remains insulated from the severe supply disruption affecting the other steelmaking raw material, iron ore, sources said on Friday February 15 amid a softening of prices for the former.
A May-laycan cargo of premium hard coking coal in the branded segment was traded on trading platform Global Coal at $205 per tonne fob Australia during the day. This is the same price fetched by an April-laycan cargo of unbranded materials that changed hands two days earlier.A buyer source in China said that import restrictions at Chinese ports in the form of a protracted customs clearance process had not sapped end-user demand."There aren't a lot of cargoes being offered at the moment by miners...