Singapore—The seaborne metallurgical coal market observed new bookings to China Friday, while the arbitrage for port and domestic PLV prices against seaborne spot prices have narrowed this week. S&P Global Platts assessed Premium Low Vol unchanged at $167/mt CFR China, and the PLV FOB Australia prices were steady at $152.25/mt Friday. In China, a trade was concluded late Thursday evening at $142.30/mt CFR China for 90,000 mt of Lake Vermont HCC with November 20-30 laycan. This was done to an end-user as part of their long-term contract.
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