Second-tier met coal market slides as sellers offload tons

摘要

Second-tier met coal prices in Asia eased Friday followingtwo lower-than-expected spot deals. Sellers appeared to be offloadingcargoes at very competitive rates in expectation of a further downturn.Platts assessed premium low-vol hard coking coal 25 cents lowerFriday at $83/mt CFR China, or $76.55/mt FOB Australia netting backwith Panamax-size freight. Second-tier coals declined by $2 to $79.75/mt CFR China, or $73.30/mt FOB Australia after deducting freight.