Market weighed down by import policy jitters

摘要

Asia-Pacific metallurgical coal prices in the premium low-vol segment tumbled as the number of buyers in China diminishes. Uncertainty surrounding China's import policy continues to hang over the sector. S&P Global Platts assessed Premium Low-Vol HCC down by $8.25/mt on week to $107.00/mt FOB Australia on July 17, while delivered prices to China were down $7.50/ mt to $121.00/mt CFR China. The spot market saw several bookings made mid-July by Chinese end-users which still have quotas to be utilized. But prices were spiraling downwards for the premium hard coking coal segment, as sellers were facing a limited pool of buyers in China.