The steep drop in prices in the Chinesedomestic and imported markets for thermal coal that startedearly this week continued in Thursday’s Asia trading sessionto reach new lows in the 18-month pricing history of thePlatts/Fenwei Energy China Coal Index, market sources said.Chinese buying interest has fallen steadily throughoutthis week, and the decline appeared to accelerate Thursdaywhen CFR South China cargoes were heard bid as low as $52/mt for May delivery, down from $53/mt earlier in the day.
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