Buyers of seaborne coking coal are waiting on the sidelines in anticipation of lower prices in the weeks ahead.
Offers for premium hard coking coal hovered around $230 per tonne fob Australia on Friday January 19, sources told Metal Bulletin. Bids were around $30 per tonne below these offers, they added. A few index-linked offers were also heard during the day, amid the prevailing wide spread between fixed-price bids and offers."We had to procure some high-priced cargoes earlier but now, our requirements have been met. We will return to...