The seaborne coking coal market was steady on Thursday August 14, with market participants taking a wait-and-see approach amid this month's general decline in prices.
A cargo of premium low-vol hard coking coal was heard offered at $168 per tonne cfr China while another shipment of similar materials was heard to have changed hands at around $169 per tonne cfr China.The transaction was not corroborated by a sufficient number of market participants and as such, was not assigned full weighting in the calculation of Fastmarkets' index for premium hard coking coal, cfr Jingtang. A day earlier, a cargo of premium low-vol hard coking coal was traded at $170 per tonne cfr China. A seller source said that import restrictions at Chinese ports were not hindering buyers' ability to procure seaborne coking...