The seaborne coking coal market was largely flat on Friday July 6 with Chinese buyers remaining on the sidelines.
A miner had offered August-laycan cargoes of premium hard coking coal via tender during the day but the wide gap between bids and offers kept transactions from being concluded, sources said. "Participants were hoping that transactions this week would set the direction for the market but the miner probably didn't receive a bid price that was high enough," an Indian trader said.A mill source in northeastern China said that the vast majority of the market were of the opinion that current prices were too high. The source added that the miner had...