Trading activity for imported thermal coal in theChinese market faded with the onset of the Asian country’s Qing Mingholiday, and in Japan, talks carried on for April-year benchmark prices, sources said Thursday.In the Newcastle high-ash market there was a stand-off situation,as Australian coal producers with May-loading cargoes left to sellappeared in little hurry to strike deals, a source said.Buying interest for Newcastle 5,500 kcal/kg NAR thermal coal forMay shipment was hovering around $70/mt FOB just prior to China’sQing Ming holidays on Thursday and Friday, he said.
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