Seaborne met coal prices continue upward surge
The skyrocketing progress of prices in the seaborne hard coking coal spot market is not about to stop just yet, as higher transaction prices continued to be reported on Wednesday August 24.
This has also led some buyers to raise their indicative bids in order to secure cargoes. On Global Coal, a cargo of branded materials was concluded at $125.75 per tonne fob Australia. This was a jump of $11.50 per tonne from just a week earlier. The highest indicative bids heard for top Australian brands have also gone up to around $125 per tonne fob Australia. These unprecedented instances of large price increases within a span of a few days have led sellers...
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