China Feb coking coal imports plunge to 3.2 million mt despite arb: bank

摘要

China’s seaborne coking coal imports in Februaryfell 37% year-on-year to 3.2 million mt, the lowest monthlytotal since November 2012, according to Macquarie Bank.The bank’s analysts said in a note to investors Tuesdaythat despite the wide price arbitrage opportunities for buying seaborne premium coking coal, China did not “mop up”surplus seaborne tonnes as expected.