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Platts reported that China power plants are holding out on thermal coal contracts.
Platts reported that China power plants are holding out on thermal coal contracts.
As quoted in the market news:
Australian thermal coal, with a calorific value of 5,500 kcal/kg NAR, was offered this week at $95-96/mt FOB basis, or $109-110/mt CFR basis for January delivery, but few deals were done.
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