Balto - that's just the nature of the markets - sometimes customers baulk at high prices & change their priorities/terms. In any case, any prices over $US100 are not to be sneezed at. The RB price on the Bloomberg chart is only updated on a weekly basis, so it may not be accurate. I did see somewhere this morning that Korean customers were paying up to $141 tonne for RB coal.
Here's a news article, which mentions the RB price drop to $126: Australian Coking Coal Rises 6.9% as Flooding Disrupts Supplies
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