Sellers of seaborne coking coal appear to be less willing to sell to the Chinese market, with cargoes of premium products fetching a higher fob Australia price than cfr China ones.
A November-laycan cargo of a top Australian brand was traded at $219.50 per tonne cfr China while a December-laycan shipment of the same product changed hands at $220 per tonne cfr China. The last transaction involving this brand took place two weeks ago at $220 per tonne cfr China as well. Meanwhile, a cargo of lower-ranked premium hard coking coal was sold at $210 per tonne cfr China to a...