CFR China trades fall out of favor for Newcastle coal shippers

摘要

A number of Australian thermal coal shippers atNewcastle port have decided to steer clear of cargo deals on adelivered CFR basis for China because of a perceived increase inmarket risk, market sources said Thursday.Prices in the South China seaborne market were lower in Asiantrade, with indicative bids heard at $42/mt CFR for 5,500 kcal/kg NARcoal cargoes for December and January arrival, and offers few and farbetween on a CFR basis, sources said.