Seaborne coking coal prices spiked on Thursday October 11, with market participants citing a possible disruption at a coal mine in Mozambique behind the move.
A cargo of premium hard coking coal traded at $216 per tonne, fob Australia, on the online trading platform Global Coal, according to various sources. A similar product changed hands $4-per-tonne lower a week earlier."We heard about some issues at a mine in Mozambique and that could be contributing to the rise in prices," an Indian trading source said."Some residents barged into the...