Chinese mills insist on discounted met coal imports

摘要

Seaborne coking coal prices dropped substantially Monday as seaborne producers hoping to sell to China were forced to offer substantial discounts in order to compete with lower-priced domestic and port stock material. Platts assessed premium low-vol hard coking coal 6.50 dollars/mt lower Monday at 147.50 dollars/mt FOB Queensland, Australia, while standard HCC dipped by a more modest 1.50 dollars/mt to 131 dollars/mt FOB.