Seaborne coking coal prices weakened further on Wednesday June 26, and market participants are not expecting them to pick up anytime soon.
A cargo of a top Australian brand, scheduled for loading over July 10-24, was sold to a northeastern end user at $200 per tonne cfr China."Two other top Australian brands were offered at $202 per tonne and $203 per tonne cfr China, so evidently this was the best bet," a source with knowledge of the transaction said.A southern...