Prices for seaborne cargoes of premium coking coal sold to China retreated on Thursday May 9, though sentiment among Chinese market participants remains positive, at least for the near term.
A June-loading cargo of a top Australia brand was traded at $211.55 per tonne cfr China during the day, slightly lower than a transaction involving similar materials a day earlier.A Capesize cargo of another brand of premium low-vol hard coking coal, which is also scheduled for loading in June, was sold to a buyer in Jiangsu province at $206 per tonne cfr China during the day."While the yuan depreciation since the Labor Day break [last week] will set buyers back a...