Seaborne metallurgical coal prices continued to slip as Chinese buyers showed no urgency in restocking amid a weak coke market. S&P Global Platts assessed Premium Low Vol coal down $1.50/mt at $213.50/mt FOB Australia, while the CFR China assessment was down $1.50/mt at $210/mt Wednesday. The FOB market saw a pickup in liquidity with a trade done Wednesday at $204/mt FOB Australia for the likes of an Australian Premium Mid Vol Goonyella with mid-May laycan. This was for a 75,000-mt cargo and done with an end-user. The trade was not fully reflected as it fell outside of Platts assessment window of 7-45 days laycan.
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