The seaborne coking coal spot market was largely stable on Thursday April 25 amid little change in offers and bids as participants awaited the conclusion of a miner's tender later this week.
A cargo of premium mid-vol hard coking coal, scheduled for loading June 1-10, changed hands at $203 per tonne fob Australia, according to various sources. Meanwhile, a top Australian brand was offered at $207 per tonne cfr China to an end user in northeastern China. "The seller was not willing to let go of it at $205 per tonne cfr China. The market is probably waiting for the outcome of a miner's tender that will be...