Korean, Indian thermal coal buyers step in as Chinese take New Year break

摘要

Perth, Beijing—Chinese buying interest fell away sharply for imported 5,500 kcal/kg NAR thermal coal Wednesday as trading desks emptied for the week-long Lunar New Year holiday, but other Asian buyers have started to fill the vacuum, traders said. Prices at China’s southern ports were steady on the day at $78/mt CFR for 5,500 kcal/kg NAR cargoes for arrival in the next 15 to 60 days, and the transaction price for similar specification domestic product held firm at Yuan 564/mt FOB Qinhuangdao, according to Platts/Fenwei prices.