Seaborne coking coal prices softened on Wednesday March 13, with a trade on the Global Coal trading platform taking some market participants by surprise.
A May-laycan cargo of premium hard coking coal in the branded segment was traded at $204 per tonne fob Australia, while a bid for an April-laycan shipment in the same segment was made on the platform at around $212 per tonne fob Australia during the day, sources said.Meanwhile, cfr China offers were also heard to have fallen during the day. Premium mid-vol materials were heard offered around $205-210 per tonne cfr China.A bid was heard made for a cargo of low-vol pulverized coal injection materials at around $129 per tonne fob Australia.Even as prices dropped on Wednesday, logistical issues persisted in Queensland, Australia.Australian rail freight operator Aurizon...