Singapore—Prices and liquidity in the seaborne metallurgical coal market rose on Tuesday as Chinese steel mills restocked. Platts assessed premium low-vol hard coking coal $1.50 higher at $150/mt CFR China, or a Panamax freight-derived netback of $137/mt FOB Australia. Cargoes shipping on cheaper Capesize vessels were achieving better FOB netbacks as cargoes tended to compete on a delivered basis. Secondtier material remained steady at $137/mt CFR China.
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