Singapore—Seaborne metallurgical coal prices delivered to China retreated Oct. 20 amid subdued demand for imported coals. S&P Global Platts assessed Premium Low Vol steady at $114.00/ mt FOB Australia Oct. 20, and PLV CFR China was down $2.00/mt at $127.00/mt CFR China. In China, trading activity was thin as demand for imported coals declined in light of limited quota availability for end users. Buy-side sources appeared to be apprehensive in securing coking coals of non- Australia origin as current import policies remained fluid. "It's better to wait it out and see if import policies evolve, than to risk buying cargoes but get slapped with more inconveniences later," a Chinese steelmaker said.
展开▼
