Monday, 30 May 2011
According to Energy Publishing Inc, metallurgical coal prices were unchanged last week on the U.S. market amid resistance from foreign buyers.
Spot prices for low volatility coking coal were unchanged at USD 315 a ton in the week ended while high volatility coal was steady at USD 268.33.
Energy Publishing said that “European buyers are hesitant to accept USD 315 as a global benchmark but are still working to determine exactly where the market is.”
(sourced bloomberg)
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