Author: Rupesh Nanwani
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Chinese buyers shy away from Australian metallurgical coal
Chinese prices of Australian metallurgical coal have softened this week, primarily reflecting the reduced interest of domestic buyers for the coal cargoes, the findings of Mysteel’s latest survey indicate. As of May 28, Mysteel’s assessed price of Australian Peak Downs hard coking coal (A<10.5%, VM<20%, S<0.6%, G>90, Y>19, MT<10%, CSR>70%) was unchanged on day at…