metallurgical coal import market was stable during the week
ending Dec. 21, traders told AMM sister publication
Transactions for BHP Billiton
Plcs premium hard coking coal were reported at $173 per
tonne c.f.r. China, while Xstrata AGs premium hard coking
coal offers were put at $170 per tonne.
A 90,000-tonne cargo of
Australian-origin pulverized coal injection (PCI) coal for
January delivery was sold at $129 per tonne c.f.r. China.
"I didnt see many things
happening this (past) week. (Its) more or less holiday
season," a Singapore-based trader said. "The number of
transactions has slowed down, and generally most people have
already bought a lot of tonnages."
Pricing-wise, the market has
been stable, according to another Singapore-based trader.
"Prices have not moved these past two weeks," he said.
There are fewer transactions as
people are still waiting for stronger market cues, a trader in
A version of this article was first published by AMM sister
publication Steel First.