Buying in Asia thermal coal market stifled due to China port issues

摘要

Thermal coal offers continued to slip lower Mondayas buyers held off purchases to evade risks from the tangle of trade issues stemming from China’s efforts to curb imports, sources said.According to sources, ongoing port restrictions in China havestifled the buying interest, and reports of floating cargoes have putdownward pressure on the market. Many traders were postponinglaycan of shipments for now, a Singapore-based trader said. He notedthat an Australian coal producer was heard offering Australian 5,500kcal/kg NAR coal at $72-$73/mt FOB for December.