Chinese absenceconstrains met coal trade

摘要

The Asia-Pacific spotmetallurgical coal market remainedquiet Friday with China out for the newyear holiday.Most sources said the market wasvery quiet.One trader doubted that credit lineswould loosen with more credit beinginjected into the system this year. He feltthe market was still oversupplied, in particularthe first-tier segment with multiplecargoes on offer. “At least the other productsegments are a bit tighter so pricesare still steady,” the source added.