A transaction in the seaborne coking coal market on Tuesday January 22 took participants by surprise, having been concluded at a higher price than expected, in contrast with prevailing sentiment.
A February-laycan cargo of premium mid-vol hard coking coal was sold at around $195-196 per tonne cfr China to an end user in southern China, according to various sources. This is around $4 per tonne higher than the last transaction a week ago involving similar materials."When a cargo of premium mid-vol hard coking coal cargo...