Prices for South China imported coal pierce $70/mt CFR in lower bid market

摘要

There was further turmoil in the Asianseaborne market Monday, with prices for 5,500 kcal/kg NARcargoes for spot loading at Newcastle in Australia slippingunder $60/mt FOB, and for July and August delivery to SouthChina breaking through $70/mt CFR, said traders.Visibility on 5,500 kcal/kg NAR cargo transactions hasbeen declining as prices have traded at lower levels andsellers have been noticeably reticent to offer cargoesopenly on the spot market.