Met coal flat on holiday-shortened day

摘要

Seaborne met coal prices were unchanged Tuesday, as market participants continue to await Chinese Q1 long term prices from Shanxi. S&P Global Platts assessed Premium Low Vol steady at $149.50/mt CFR China and $136/mt FOB Australia Tuesday. Market participants expect Shanxi Coking Coal Group’s Q1 long term contract prices to be announced this week. “At present, the odds seem to favor a slightly lower domestic Q1 price by Yuan 50-70/mt on quarter,” said an international trader, “and this will potentially narrow down the import arb provided a steady seaborne market.”