Seaborne coking coal prices inched up in the cfr market on Friday June 18 amid supply tightness for both domestic and imported cargoes, while the fob market surged on tight supply.
Prices for seaborne pulverized coal injection (PCI) remained largely stable in the cfr market in the week to June 18 amid firm offer levels and limited buying activities from end-users for Russian PCI. The fob market increased following a rally in the coking coal fob market and high metallurgical coke prices, sources said.In China, market sentiment for seaborne coking coal became more positive in the week to June 18 due to a tight supply of domestic coking coal after a series of safety inspections in northern...