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Coking coal market
The seaborne coking coal market in China held firm despite cooling buying activity. Some market participants said supply tightness in both the domestic and seaborne coking coal markets would continue, with some provinces in China prioritizing the thermal coal supply first in the hot summer .
Offer for United States-origin premium low-volatility (PLV) hard coking coal remained unchanged at $312 per tonne cfr China, but no firm bids were reported.
Coking coal cargoes at the second-tier segment from the US were offered from $270-280 per tonne cfr China, sources said.
“Suppliers are standing firm on their offers, but they are showing more flexibility when it comes to sealing a deal with combo cargoes,” a Shanghai-based trader said.