The seaborne coking coal market softened further on Monday June 3 after a series of cargoes were sold to China.
Two cargoes of premium low-vol hard coking coal, with laycan scheduled for June and July, were traded at $206 per tonne cfr China and $203 per tonne cfr China respectively, according to various market sources.A June-loading shipment of premium mid-vol materials was also traded at $203.18 per tonne, down $2.32 per tonne compared with a cargo of the same materials that changed hands less than a week ago."The market is clearly falling...