Category: Coking
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Metallurgical coal market softens as Indian buying retreats, while premium coking coal fundamentals remain supported
Weak Indian demand kept spot coking coal buying subdued Tight Australian supply continued to support premium coking coal prices The global metallurgical coal market entered a more cautious phase during the week ended 4 July as subdued steel demand, comfortable inventories and seasonal weakness in India curtailed spot buying. Although Australian premium hard coking coal…