Australia’s Newcastle port, a benchmark for Japan, South Korea and Taiwan, rose to a record on concern that demand is outpacing supply.
Prices for coal excluding shipping costs for delivery within three months rose $2.08, or 2.3 percent, to $91.77 a metric ton in the week ended Jan. 4, according to the globalCOAL NEWC Index, an […]

Energy coal prices at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose to a record on supply bottlenecks and growing demand, adding to expectations of higher Asian contract prices next year.
Coal for delivery from Newcastle within the next three months gained $1.43 to $83.51 a metric ton in the week ended […]

Energy coal prices at the port of Newcastle, Australia, the world’s biggest export harbor for the fuel, rose 1.3 percent to a record on expectations of supply shortages in Asia and a disruption to deliveries from a Queensland State mine.
Coal for immediate delivery at Newcastle rose 96 cents to $76.95 a metric ton in the […]

Xstrata Plc XTA.L has upped its offer in thermal coal term contract negotiations with Japanese utilities by as much as 20 percent to $78 a tonne on a worsening supply outlook, industry sources said on Thursday.
But the utilities, such as Chubu Electric 9502.T, balked at the steep increase in prices, producers and Japanese buyers said.
“Japanese […]

Chinese coal producers offered supplies to South Korean utilities at 7.5 percent above prices concluded in May with Japanese rivals because shortages of the fuel have worsened, said buyers involved in the talks.
Sellers, including China National Coal Group, sought $73 a metric ton from buyers led by Korea Southern Power Co., said two Korean utility […]

Physical coal prices for delivery into Europe broke record levels over $US100 ($NZ136.25) a tonne, as the worldwide rally in energy prices broke through into the opaque and fragmented coal market.
Coal prices have been rising all year as availability has progressively tightened. Unfortunately for consumers, freight rates have also repeatedly hit record levels, forcing up […]

Benchmark Australian spot thermal coal traded above $67 a tonne on Monday amid final negotiations between Japanese utilities and Australian producers for 2008 contracts.
Traders said prices were also prodded higher on expectations of a supply squeeze worsening in the fourth quarter following news of Australia’s Newcastle port cutting fourth quartert export allocations by at least […]

Japanese utilities are turning to Chinese miners for additional thermal coal supplies after Tokyo Electric Power Co. 9501.T (TEPCO) sought help from six utilities to help fill an anticipated shortage from the shutdown of its quake-hit nuclear plant, industry sources said on Friday.
They said Japanese utilities such as Chubu Electric 9502.T and Tohuku Electric […]

Australian coal-mining companies may lose more than 350 million Australian dollars, or $301 million, this year because bottlenecks and storms are delaying ships outside Newcastle, the world’s largest port for coal exports.
Xstrata, the world’s biggest thermal coal exporter, estimates that miners in New South Wales’s Hunter Valley are paying about 1 million dollars a day […]

China is unlikely to speed up coal exports significantly to fill a gap created by weather-related port disruptions in Australia, with domestic prices still above Asian benchmark prices that are at three-year highs.
Industry officials and analysts said mines in the north, such as China’s top producer and exporter Shenhua Energy Co. Ltd. , were not […]