Weakness persisted in the seaborne coking coal market on Thursday June 27 despite news of a suspension of mining activity at a mine in Queensland, Australia.
An August-loading cargo of a top Australian brand was sold to an end user in southern China at $200 per tonne cfr China, according to various sources.A shipment of premium low-vol hard coking coal was heard offered at $198 per tonne cfr China, and fetched a bid of $191 per tonne cfr. These compare with an offer and bid of $203 per tonne cfr and $195 per tonne cfr respectively earlier this week.Eastern China's Rizhao Iron & Steel - a major coke buyer in the country - lowered its purchase price for the steelmaking raw...