The seaborne coking coal spot market gained some traction on Wednesday December 5 with expectations growing for the ban on customs clearance for imports of the steelmaking raw material in China to be lifted in January.
A cargo of a top Australian brand was also sold to an end user in eastern China at the December average of a cfr China index for premium hard coking coal at a 4% premium, sources told Fastmarkets.A December-laycan cargo of second-tier hard coking coal was also traded at $196 per tonne cfr China, they said."These shipments will get discharged at the port for now, and then await customs clearance, which the buyer has estimated to be around January 1 next year," a Chinese mill source said.The lull in the...