Coal prices have continued to rise strongly in both spot and term markets. Earlier this year spot coking coal prices topped US$150/t FOBT and now term business has been sealed by Xstrata with Japanese steel mills (JSM) at a price reported to be close to US$125/t FOBT.
The market for thermal coal is also continuing to rise with Newcastle prices in the mid-US$50/t range. With the northern hemisphere summer around the corner, it would not take much to send these prices much higher....
Read this item in full
This complete item is approximately 1350 words in length, and appeared in the March/April 2004 issue of Bulk Materials International, on page 18.
Full-access subscribers only:Click here to download this issue now in PDF format
Click here to buy this issue, and download it now in PDF format
Click here to subscribe to Bulk Materials International
Click here for a sample back-issue of Bulk Materials International
Read related items
Click on the links below to read other news and features related to this item.
