The seaborne coking coal market maintained its upward momentum on Monday May 13 on steady demand for the steelmaking raw material outside of China.
A June-loading cargo of branded materials was traded at $211.50 per tonne fob Australia on trading platform Global Coal during the day, market sources said.A July-laycan cargo of premium mid-vol hard coking coal was also sold at $203 per tonne fob Australia to an Indian end user, sources told Fastmarkets."Trading activity in China picked up last week, so it must have been a sign to ex-China market participants to follow suit. China usually takes the lead when it comes...