Bears come to thefore in met coal circus

摘要

Asian metallurgical coalspot prices were stable Thursday despite abearish outlook. Sentiment was depressedby speculation that Chinese steelmakerswere offering previously bought shipmentsof premium material for sale.Platts assessed premium hard cokingcoal steady at $88/mt CFR ChinaThursday, equating to a Panamax-netbackcalculation of $80.80/mt FOB Australia.HCC 64 Mid Vol prices were unchangedday-on-day at $81.50/mt CFR China.