Seaborne met coal CFR China prices rally on tight availability, robust demand

摘要

Singapore—Asia metallurgical coal delivered prices to China jumped May 6, on robust demand and tight spot availability, alongside transactions concluded at higher prices for various grades of coals. S&P Global Platts assessed Premium Low Vol down $1.50/mt to $109/mt FOB Australia, while PLV CFR China was assessed up $8/mt to $238/mt CFR China May 6. Spot market saw active trading across various grades in China on May 6 as market participants returned from Labor Day holidays. A trade was concluded at $235/mt CFR China for a Panamax volume of U.S. low vol Blue Creek No. 7, with late May-early June loading.