Atlantic met coal arbitrage opportunities elude buyers

摘要

Atlantic coking coal markets Wednesday saw lower Australian spot prices and high-cost US miners feeling added pressure, with some buyers unable to easily capitalize on arbitrage opportunities. Into Brazil and Europe, a round of offers for Australian coals saw regional premiums over China shrink, sources said. Speculative offers were made for premium low-vols around $95/mt FOB Australia. Low freight rates are aiding buyers’ price demands, but spot demand is limited.