Prices for seaborne cargoes of premium hard coking coal tumbled on Thursday July 25, with pervading pessimism taking hold of this segment of the market.
An August-loading cargo of premium low-vol hard coking coal was traded at $185.50 per tonne cfr China during the day, sources said. This sent the Fastmarkets index for premium hard coking coal, cfr Jingtang to $184.16 per tonne, down $5.62 per tonne from a day earlier and its lowest since early August last year.Another cargo was heard to have changed hands at around $174 per tonne cfr China, but its specifications could not be confirmed by the...