Asia-Pacific spot metallurgical coal prices edged lower Wednesday as sellers’ resolve to maintain offers appeared to falter in the face of sluggish Chinese demand. Low-vol and mid-tier PCI coals were hit harder than HCC by lower offers and deals. Premium low-vol HCC prices were assessed unchanged at $97.25/mt CFR China Wednesday, equating to $88.25/mt FOB Australia netting back with Panamax freight. The HCC 64 mid-vol assessment dropped 25 cents/mt day on day to $93.25/mt CFR China.
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