Seaborne prices breach $200 per tonne cfr China
Sentiment in the seaborne coking coal market continued to be dictated by uncertainties over Australia supply as well as the strength in China’s domestic market for the steelmaking raw material.
A cargo of premium mid-vol hard coking coal was traded around $202 per tonne cfr China while a shipment of second-tier materials changed hands at $193 per tonne cfr China, market sources told Metal Bulletin on Thursday June 7. “Demand for second-tier seaborne cargoes in China is robust as Mongolian supply is tight due to restrictions on the movement of trucks into [China from Mongolia],” a trader source said.
Seaborne prices breach $200 per tonne cfr China Sentiment in the...
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