Sellers try to entice buyers in Asian met coal market

摘要

Asian metallurgical coal spotprices fell Tuesday on lower offers, as sellerstried to entice a small pool of Chinese enduserswho needed to stock up ahead of theLunar New Year holiday, sources said.Platts assessed premium low-vol hardcoking coal down 50 cents at $80.75/mt CFRChina Tuesday. This equated to $75.95/mt FOBAustralia after accounting for Panamax freight.Prices for second-tier material were 25 centslower at $79/mt CFR China, or $74.20/mt FOBAustralia after accounting for Panamax freight.Panamax freight from Australia to China wasassessed at $4.80/mt.