Premium hard coking coal trades above $230 per tonne in seaborne market
Seaborne coking coal prices surged on Wednesday December 6, with a cargo of premium low-vol product being traded above $230 per tonne fob Australia, market sources said.
The cargo was sold at $232 per tonne fob Australia, sources told Metal Bulletin. Another cargo of premium hard coking coal was offered around $235 per tonne fob Australia, and buying interest is said to be closer to $220 per tonne fob. Market sources said buying interest for spot cargoes was strong among end-users in India and Japan amid tight Australian supply due to port congestion, which sparked the recent fob Australia price rally. Traders snapping up cargoes.........
Premium hard coking coal trades above $230 per tonne in seaborne...
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