Friday,July29,2011
Australia's thermal coal prices, a benchmark for Asia, were steady in the past week as demand from Japan remained flat and Chinese demand waned.
Thermal coal on the globalCOAL Newcastle index for the week to date was AUD 120.63 per tonne on Thursday, essentially unchanged from AUD 120.75 per tonne a week earlier.
A Sydney based source said that "We haven't heard a lot of transactions, it's been very quiet.”
Demand for Australian coal has been relatively depressed since March when Japan, Australia's largest coal customer was hit with a tsunami that took some coal plants offline. Thermal coal shipments from Australia's Newcastle port, the nation's biggest thermal coal port, dropped 5.5% in the week to Monday.
(sourced Reuters)
Australia's thermal coal prices, a benchmark for Asia, were steady in the past week as demand from Japan remained flat and Chinese demand waned.
Thermal coal on the globalCOAL Newcastle index for the week to date was AUD 120.63 per tonne on Thursday, essentially unchanged from AUD 120.75 per tonne a week earlier.
A Sydney based source said that "We haven't heard a lot of transactions, it's been very quiet.”
Demand for Australian coal has been relatively depressed since March when Japan, Australia's largest coal customer was hit with a tsunami that took some coal plants offline. Thermal coal shipments from Australia's Newcastle port, the nation's biggest thermal coal port, dropped 5.5% in the week to Monday.
(sourced Reuters)
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