Market participants in the seaborne coking coal market are taking a breather on Wednesday September 19 following a flurry of transactions in the past week and a half.
A premium mid-vol material with October 21-30 laycan was heard offered via a miner's tender during the day, although no transaction was heard at the time of writing.A northeastern Chinese mill source conceded that healthy steel margins mean the steelmaking rawmaterial's price can remain somewhat supported, but "not at current price levels". "Buyers are treading cautiously, especially after coke prices fell...