Chinese buying activity lends support to seaborne coking coal prices
Seaborne coking coal cargoes continue to find takers in China, trading activity on Monday October 23 showed.
A cargo of premium mid-vol materials was sold at $187 per tonne cfr China while a cargo of second-tier product with a high coke strength after reaction (CSR) changed hands around $170 per tonne cfr China, according market sources. Metal Bulletin’s cfr China Premium Hard Coking Coal Index rose $1.14 per tonne to $191.04 per tonne on Monday, with that first transaction normalized higher based on the published relativities for October.
Chinese buying activity lends support to seaborne coking coal...
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