More interest among ex-China buyers in seaborne coking coal market
The seaborne coking coal spot market is seeing signs of gradually improving interest among ex-China buyers for cargoes, although the market continues to trend downwards with China on the sidelines.
A cargo of premium low-vol material was traded around $256-259 per tonne fob Australia and another against index with a premium, sources told Metal Bulletin on Monday December 19. "International demand is still stable, and if more trades are done, prices [of coking coal] are likely to stabilise," an international buyer said.
