Price Drops Deter Chinese Coal Buyers

Industrial Metals

Reuters reported that Chinese buyers are deferring or defaulting on coal purchases due to lower prices.

Reuters reported that Chinese buyers are deferring or defaulting on coal purchases due to lower prices.

As quoted in the market news:

Coal and iron ore prices could fall further before recovering towards the tail end of the second quarter, traders say, sparking more defaults or deferred deliveries.

Click here to read the full Reuters report.

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