Seaborne coking coal spot prices moved in opposite directions on Friday October 12 following the emergence of a lower offer in the fob Australia segment, even as a cargo of premium hard coking coal fetched a higher cfr China price.
A top Australian brand was traded at $216.50 per tonne cfr China, sources said. This is $0.50 per tonne higher than the last transaction involving the same brand two weeks ago."I'm hearing that the miner has another cargo of the same brand that has not been offered yet. If it decides to offer more cargoes in the next week, prices might fall," a northeastern Chinese mill source said.On online trading platform Global Coal, a shipment of premium...