Trading activity in the seaborne coking coal market picked up slightly on Wednesday January 24 although there was still little enthusiasm among buyers.
A distressed cargo of second-tier materials changed hands at $190 per tonne cfr China, according to various market participants. "It managed to fetch a $5 per tonne premium since it's already on the water. Otherwise, Chinese buyers would have still been reluctant to pay such a price," a Chinese cokery source said....