Chinese return does littlefor met coal trade

摘要

The return of Chineseparticipants from a week-long breakfailed to stoke trading in the Asia Pacificmetallurgical coal market Thursday, withmost expecting persistent near-termprice weakness.Platts assessed premium low-vol hard coking coal unchanged at $86.75/mt CFRChina. This equated to $79.25/mt FOBAustralia netting back with Panamaxfreight. Prices for second-tier material weresteady at $82/mt CFR China, or $74.50/mt FOB Australia on a Panamax-sizedfreight back-calculation.