Asia Pacific premium cokingcoal prices plunged to a fresh sevenand-a-half-year low Tuesday as persistentoversupply and doubts over quality rulesdented Chinese buying appetite.Platts assessed premium hard cokingcoal $1.75/mt lower at $117.25/mt CFRChina, representing the largest single-dayfall since March 13 last year. This equatedto a Panamax-netback calculation of$108.50/mt FOB Australia and was thelowest level since Q2 2007.
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