The seaborne coking coal market was relatively stable on Monday February 18 despite rising metallurgical coke prices in China, which appear to have done little to improve sentiment upstream.
"The coke price increase was due to higher steel prices. Domestic coking coal prices [in China] are largely unchanged from before the Chinese New Year holiday," a southern Chinese mill source said.A Beijing-based trader agreed, saying the increase in coke prices coincided with end users drawing down their coke inventories. East China's Rizhao Iron & Steel and north China's Hesteel - two major buyers of coke in the country - have both increased their purchase prices by 100 yuan per...