Tight supplies of seaborne tier-two coking coal cargoes continued to support higher prices, market sources told Metal Bulletin on Tuesday July 3.
A 50,000-tonne cargo of hard coking coal was sold at $199.75 per tonne cfr China this week, market sources said, adding that the cargo may have been part of a term shipment. "This is part of a term contract and the [transaction level] is not a surprise because there [will be] no supplies of the brand [in question] until the end of August," a Chinese mill source said. A southern Chinese mill source...