Chinese met coal port stock prices fall as demand wanes: sources

摘要

Singapore—Metallurgical coal prices at China’s Jintang port continued to drop as demand for port stock parcels weakened amid a recovery in domestic coking coal supply, sources said. Market participants said the weakness in port stock met coal demand was expected as domestic supply tightness eased and buyers relied less on port stock for restocking. The recent price cuts of Yuan 80-100/mt for some domestic coking coals also kept buyers away from port stock met coal as they consider domestic coking coal as a cheaper alternative, sources said.