Chinese bids for newcastle 5,500 kcal/kg coal below cost price

摘要

Australian coal producers were reluctant to lower their price offers for higher-ash Newcastle 5,500 kcal/kg net asreceived thermal coal Friday, as Chinese buyers held fast to their price expectations of $90/mt FOB. Traders said they considered fair value for spot delivery HA Newcastle 5,500 kcal/kg NAR cargoes was around $93/mt FOB after taking into account the mid-point between bid and offer prices in the market.