The seaborne metallurgical coal market opened the week lower, with price opinions further deteriorating in the FOB market Monday. S&P Global Platts assessed Premium Low Vol down $2/mt from last Friday at $143.75/mt FOB Australia Monday, while the delivered price to China was unchanged over the same period at $168/mt. There was talk in the FOB market of a European tender concluded late Friday for two Capesize vessels at approximately $140/ mt FOB Australia for an Australian Premium Mid Vol coal with October laycan. This was not considered in the assessment process because the deals were not fully verified.
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