Low met coal stocks force Chinese buyers to up bids

摘要

Asia-Pacific premium cokingcoal prices rose by their highest level in morethan two weeks Tuesday, as Chinese buyerswith relatively low stocks raised bids amid aperceived tightness in supply.Platts assessed premium low-vol hardcoking coal prices 50 cents higher on day at$86/mt CFR China, the largest daily rise sinceMarch 14. This equated to $80.50/mt FOBAustralia after deducting Panamax-size freight.Prices for second-tier material were assessedsteady at $82.50/mt CFR China.