The seaborne coking coal spot market strengthened further on Wednesday May 8 with a transaction for a cargo of premium materials being concluded above its prevailing price.
A top Australian brand, scheduled for loading in the second half of May, was sold at $212 per tonne cfr China to a major mill in Hebei province, various sources told Fastmarkets. The same shipment had changed hands around two weeks ago at $207.07 per tonne cfr China."It seems that seaborne prices in the month of May will be well supported amid the strength in the coke market and tight supply of premium cargoes at the Port of...