Trading activity in the seaborne coking coal market picked up ahead of the weekend, which saw the first cargo of premium low-vol product being sold to a Chinese buyer on a fixed-price basis in at least a week.
The top-tier cargo changed hands around $238 per tonne cfr China, sources told Metal Bulletin on Friday March 2. A cargo of second-tier materials was also traded at $195 per tonne fob Australia, they added. Meanwhile, a cokery source in China has warned of tight supply of low-sulfur materials in the country's domestic market. "This tight domestic supply situation will persist for the next...