Pessimism remained in the seaborne coking coal market despite cfr China prices regaining some losses on Friday June 28.
A Capesize cargo of premium low-vol hard coking coal, scheduled for loading over July 5-15, was sold to a southern Chinese steelmaker at $197 per tonne cfr China during the day, a source at the mill said."I would still think that the price floor has yet to be reached. But we have not procured anything in the seaborne market in a while so we just made the purchase," the source said.Negotiations for...