Metallurgical coal import tags dip in weak market
Mar 01, 2013 | 11:02 AM
| Daisy Tseng
SINGAPORE Chinas 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 were 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 governments attitude on the real estate market has also affected market confidence to some degree.....
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