Offers for seaborne coking coal cargoes retreated on Wednesday May 29 amid a weakening of demand in the market.
China-bound cargoes of premium low-vol materials were heard offered about $4 per tonne lower, at around $208-211 per tonne cfr China, various sources told Fastmarkets."By right, prices should be falling quicker since trading activity has been thin despite the availability of cargoes. It is not falling as quickly because domestic prices are still firm," a Chinese trading source said. A shipment of Shanxi-origin hard coking coal delivered to a coke plant in Tangshan, Hebei province was heard to have been sold at...