London—Atlantic met coal markets followed broader price declines in Asia-Pacific markets on July 14, as support from China waned. Futures fell over 2%, with forward prices across the rest of 2020 moving below $130/mt FOB. China, the largest spot market buyer, is importing hard coking coal from Australia at lower levels so far this month compared with June, based on spot deals reported by S&P Global Platts. In the Atlantic, inquiries were heard from steelmakers in the region from Turkey, Egypt and also for Brazil recently, along with potential sales into other markets.
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