Trading companies are increasing shipments of coking coal to Jingtang to try to take advantage of prices driven higher by dwindling domestic supplies. The country's portside market for coking coal is substantially smaller than the iron ore market and is less liquid, but the prospect of profitable sales is leading an international coal trading firm to send two shipments of coal to China port without even having a local buyer secured. Even factoring in the 30% tariff imposed on imports, firmer demand after the closure of 41 mines for safety reasons following an accident is making sales viable .
Trading companies are increasing shipments of coking coal to China to try to take advantage of prices driven higher by dwindling domestic supplies. The country's portside market for coking coal is substantially smaller than the iron ore market and is less liquid, but the prospect of profitable sales is leading an international coal trading firm to send two shipments of coal to Jingtang port without even having a local buyer secured. Even factoring in the 30% tariff imposed on imports, firmer demand after the closure of 41 mines for safety reasons following an accident is making sales viable .