Premium hard coking coal prices moved up on Friday September 7, with traders continuing to drive buying activity.
A transaction involving a cargo of premium materials was sold at $192 per tonne fob Australia on Global Coal on Friday, $5 per tonne higher than the last trade involving a cargo in the same bracket on the platform on Tuesday.A transaction involving a cargo of premium mid-vol hard coking coal was concluded at $193.71 per tonne cfr China on Thursday, sources told Metal Bulletin."I do not expect any further rise in seaborne coking coal prices because metallurgical coke prices in China are peaking and steel production restrictions will limit demand for raw materials," a buyer source in China said.North China's...