Metallurgical coal import tags dip in weak market

Mar 01, 2013 | 11:02 AM | Daisy Tseng

Tags  metallurgical coal, coal imports, China imports, hard coking coal, steel demand, Daisy Tseng

SINGAPORE — China’s metallurgical coal import market lost traction during the week ended March 1, with few buyers in the market, traders told AMM sister publication Steel First.

"Sentiment is looking bearish. Not many people want to buy at the moment," a trader in Singapore said.

"Prices have been rising for a while already and we’re starting to see the market is not able to take such high prices, as steel is not performing too well," a Rizhao-based trader said, adding that uncertainty over the government’s attitude on the real estate market has also affected market confidence to some degree.....

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