The Singapore Exchange (SGX) on Mondaylaunched metallurgical coal futures and swaps contracts,basis Australia and for cargoes delivered to China and hadtrade through interdealer brokerage Freight Investor Services.The first China CFR trade was concluded for theSeptember contract at $122.50/mt, and the first FOB trade at$118.50/mt for September, between Concord Fortune and anundisclosed counterparty, FIS said in a statement.
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