Chinese end users appear to still have interest for premium low-vol hard coking coal, with a cargo of such materials changing hands at a price above the previously traded level on Wednesday October 31.
A trader source told Fastmarkets that the shipment was traded at just above last week's transaction price of $220 per tonne cfr China. But this deal aside, an air of caution continued to pervade in the coking coal market.A second trading source drew attention to how quickly prices had risen over the past couple of weeks."The...