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 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 […]

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 […]

Benchmark Australian spot thermal coal prices rose above $54 a tonne, the highest level in more than three weeks, as active Asian buying was compounded by a lack of spot coal supplies.
Thermal coal, used for power generation, rose $1.37 from a week earlier to $54.66 per tonne, the globalCOAL NEWC index showed on Monday, based […]

Export prices for power-station coal at Newcastle, Australia, the world’s largest coal-export harbor, fell 1.8 percent last week after major producers and buyers agreed contracts for 2007 supplies.
The weekly index of prices for thermal coal for immediate delivery from the port in New South Wales state slid 98 cents to $52.63 a metric ton in […]

Benchmark Australian spot thermal coal prices jumped more than $4 to a two-and-a-half year high by sellers driving up offer prices ahead of negotiations with Japanese buyers for 2007 term contracts.
Thermal coal, used for power generation, rose $4.39 to $56.75 per tonne, the globalCOAL NEWC index showed on Tuesday, based on free-on-board (FOB) prices loaded […]

Chinese producers have cut thermal coal shipments to South Korean and Japanese power utilities on tight supply and high domestic prices, a move likely to spur price gains in an already tight Asian market.
The news follows data on Monday showing Chinese coal exports fell by nearly half in January from the previous month, raising fears […]