The seaborne coking coal market resumed its downtrend on Friday August 16, with a widening price gap between low-vol and mid-vol cargoes reflecting relatively stronger demand for higher-quality products.
A cargo of premium mid-vol hard coking coal traded at $160 per tonne cfr China, sources told Fastmarkets during the day. The transaction price is about $10 per tonne lower than that for a low-vol cargo that changed hands earlier this week.Typically, the price difference between low-vol and mid-vol materials is around $6 per tonne, though it can fluctuate...