import prices into China fall sharply amid restrictions

摘要

Chinese market players largely stepped away from spot discussions in the wake of tightening import restrictions, bringing heavy downward pressure to prices. Indonesian low-rank material was traded at $29.00/t FOB, basis 3,800 kc NAR for a December loading geared vessel and at 30.50/t FOB, same basis, for a Panamax, compared with $33.00- 34.00/t FOB, same basis, for a November loading geared vessel.