asia met coal prices steady amid thin activity

摘要

The seaborne metallurgical coal prices were flat amid thin trading in both China and ex-China markets. S&P Global Platts assessed Premium Low Vol coal steady at $209.50/mt FOB Australia, and the CFR China assessment was flat at $211.75/mt Tuesday. In China, talks about a weakened Yuan hampered market activity. "The rapid devaluation of the Chinese yuan is a big issue at the moment," a trader said, adding that he was not actively offering any dollars denominated cargoes Tuesday. A Northeast China steelmaker still hindered by a slowdown in port clearing said it appears “that prices remain unchanged on paper but the volatility in the exchange rate is worrying.” the steelmaker said.