Asian met coal pricessteady, trade slack

摘要

Activity in the Asian metallurgicalcoal market was thin Wednesdayamid muted demand from main buyerChina and tight September seaborne supply.Chinese mills and coke producersappeared to be destocking and were slowingdown purchases of both imported anddomestic coal. Anticipated steel output cuts in North China and last week’s yuandevaluation further contributed to underlyingbuyer pessimism, sources said.