Depreciated yuan cutsinto coal demand

摘要

Asian seaborne met coalprices fell Tuesday as China’s central bankcut the yuan’s daily-fixing rate by a record1.9%, making seaborne cargoes moreexpensive for Chinese buyers.Platts assessed both premium low voland second-tier HCC 64 mid vol cokingcoals $1/mt lower from Thursday, at$92.50/mt CFR China and $84/mt CFRrespectively, Tuesday.