Limited Atlantic met coal spot activity hampers APAC price impact

摘要

Atlantic metallurgical coal marketswere slow to react Monday to sudden higherprice levels paid for an Australian FOB cargoover the weekend, given limited prompt spotdemand and activity indicated for the region.A source supplying coals in the regionbelieved futures market were quick to priceup along the forward curve, when pricedetails were revealed of the August trade.This transaction was reported as closing onSaturday for 50,000 mt total at $210-201/mtFOB Queensland.