Singapore—Metallurgical coal spot prices moved lower Friday for the fifth straight day this week across all categories as demand for steel and coking coal continued to fall amid lockdowns and production cuts. S&P Global Platts assessed Premium Low Vol down $2.00/mt to $150.00/mt FOB Australia, and the PLV CFR China down $3.00/mt to $161.00/mt CFR China. The FOB market continued to see limited buying interest Friday as buyers retreat ahead of production and logistic disruptions caused by lockdowns. Market participants adopted a wait-and-see mode and expressed concerns on weaker seaborne demand since "there is no buyer even at lower FOB prices," a trader said.
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