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Aggressive Chinese bidding saps CFR China thermal coal prices; CIF ARA prices slump under pressure

Featuring James O'Connell

June 12, 2014 09:45:00 EST (5:03 mins)

James O'Connell, editorial director for coal, assesses CIF ARA coal swaps, which have fallen below $80/mt for the first time since April; examines how benchmark Newcastle thermal coal inched closer to the psychological support level of $70/mt; and analyzes the Platts/Fenwei China Coal Indexes (CCI 1 and CCI 8), with Chinese buyers getting more aggressive when it comes down to price negotiations.

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