Trading activity in the seaborne coking coal spot market was muted on Monday September 24 with China away from the market for the Mid-Autumn Festival.
"A miner is in Japan to kick off benchmark negotiations for the October-December quarter. Japan is on holiday today but they are determined to conclude before the October quarter starts," a Brisbane-based trader said.Meanwhile, US miner Peabody will be acquiring the Shoal Creek metallurgical coal mine in Alabama from private producer Drummond Co.The $400 million...