Newcastle high-ash prices slump as Indian arbitrage fades

摘要

China’s lengthy absence from the Asian seaborne thermalcoal market triggered another sharp drop in Australian 5,500 kcal/kgNAR cargo prices Tuesday as some sellers slashed offers to $58/mtFOB Newcastle, market sources said.A January-loading Panamax cargo of Australian high-ash thermalcoal was heard offered at $58/mt FOB Newcastle, down from offersheard in the low $60s/mt a week ago.