The seaborne coking coal market remained in a slump on Wednesday January 9, sources told Fastmarkets.
Some 25,000 tonnes of a mid-vol premium coking coal traded around $196-197 per tonne fob Australia.A southern Chinese mill source attributed the pessimism in the market to "poor car sales and weakness in the real estate sector"."For every transaction done, the next [trade] will be even lower like rungs on a ladder," a second mill source in the same region said.In the pulverized coal injection (PCI) segment, a cargo of second-tier Australian product changed hands at...