Singapore — This report is part of the S&P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in steel, iron ore, metallurgical coal, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbitrages, and to quality spread fluctuations. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Asia's seaborne metallurgical coal market may face a tumultuous second quarter as the low-priced environment looks set to stay given China's continued absence from Australian coals, which has had a profound impact in the physical market. Norms have been disrupted amid the onslaught of cargoes changing hands as non-Chinese steelmakers swap existing term cargoes for cheaper counterparts in the spot market.