Prices in the seaborne hard coking coal market continued to descend on Tuesday January 15, with participants on the fence about whether they have bottomed out.
Two cargoes of premium hard coking coal with laycan set for February and March respectively were traded around $189-190 per tonne cfr China, various sources told Fastmarkets."At this level, it is difficult for prices to go up or down further, at least not till after the Chinese New Year [on February 5]," a southern Chinese mill source said. He said that the...