Chinese met coal imports under pressure from import tax

摘要

Asian metallurgical coal and coke markets were mixed Thursday, as Chinese met coal imports remained under slight downward pressure as sellers discounted further to offset the import taxes introduced this week. Top-tier hard coking coal was also under pressure as a November Panamax on offer for a few days in the low $120's CFR China could not find a taker. A trader was understood to have eventually taken it as a position, but the purchase price could not be ascertained.