Thin activity in Asia Pacific met coal market as China stays away

摘要

Activity in the Asian metallurgical coal marketwas thin Wednesday amid muted demand by main buyerChina and tight September seaborne supply.Chinese steel mills and coke producers appeared to bedestocking and were slowing down purchases of bothimported and domestic coal. Anticipated steel output cutsin North China and last week’s Chinese currencydevaluation further contributed to underlying buyerpessimism, sources said.