Spot coking coal appetite stifled by uncertain Chinese outlook

摘要

Singapore - Spot coking coal prices in Asia continued to drift lower Monday as Chinese buyers, unnerved by last Friday's real estate cooling measures, held back on importing. The new measures, which include a rise in capital gains taxes on property sales and higher downpayments for second home mortgages, were announced late Friday. "The real-estate cooling will pressure carbon steel materi- als, including coking coal," a supplier said Monday.