US HCC prices look for direction as Asia plunges

摘要

London—Atlantic Basin coking coal markets fell Friday, taking stock of a huge decline in premium grade FOB prices in Australia, which further knocked sentiment. A drop in futures prices earlier this week precipitated an erosion in physical trade sentiment for November and December cargo. After a trader sold a semi-premium coal blend into a competitive FOB Australia tender at lower than expected $126/mt FOB, the market awaited further Asia-Pacific price and trade developments next week.