Ample availability of seaborne cargoes of premium hard coking coal has left market participants pessimistic about prices.
A cargo of premium low-vol product was heard to have been traded at around $215 per tonne cfr China, sources told Metal Bulletin on Thursday March 22. This compares with a transaction price of around $220 per tonne cfr China for similar materials in the middle of the month. "Cargoes of premium hard coking coal are aplenty and we expect this downtrend to continue next month,"...