Spot seaborne coking coal dragged lower by weak demand

摘要

Prompt SEABORNE met coal prices are being pulled ever lower by a widespread demand lull across Asia and Europe, coupled with strong supply of premium hard coking coal and declining domestic Chinese prices. Robust levels of spot trading activity seen in the first half of the month have largely petered out during the past two weeks as steel mills prove reluctant to by despite multi-year lows in priced for premium low-vol grades.