Weak met demand holds sway in Europe, Asia

摘要

demand for prompt met coal remains subdued in both Asia and Europe as steel makers brace for a continued slowdown in the global economy.However, US and Indonesian material saw pockets of demand over the past fortnight as buyers backed away from Australian spot deals after recent price rises.One China-based trader said that spot demand for Australian premium met coal was quashed thanks to the current prices being uncompetitive with domestic alternatives.