us met coal prices plunge as buyers lower their bids US spot indexes fall sharply on buyer bids

摘要

London—Atlantic Basin metallurgical coal prices dropped Friday, as lower bids from buyers pressured by low steel and coke prices took tradable values down. Lower futures prices and a lack of clarity around spot demand in China also hurt sentiment. Pricing levels for spot cargoes loading in September may fall increasingly toward bids as buyers seek to improve on low or negative operating margins at plants.