Market participants are expecting stability for seaborne coking coal prices, at least in the near term, despite macroeconomic pessimism generated by the threat of higher import tariffs on Chinese products in the United States.
"[The tariff threat] is old news. Besides, supply and demand in the seaborne coking coal market are in a tight balance now, so the threat will not have any direct impact on prices," a Chinese trading source said on Monday May 6. A mill source in southern China agreed, saying end users with an urgent need of materials would still pay as much $205-206 per tonne for premium low-vol hard...