Seaborne coking coal market retreats further

By Deepali Sharma / January 16, 2018 / www.metalbulletin.com / Article Link

The seaborne coking coal market continues to await transactions to underline price direction, although expectations of a weakening market are gathering momentum.

"Any buying interest would be below $250 per tonne fob Australia now," a seller source said, adding that enquiries for second-tier materials remain robust. A buyer source said that the lack of interest from China, coupled with alleviating supply tightness were also factors contributing to the drop in seaborne coking...

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