Search Results

Asia Coal-Prices rise above $52 on demand, port congestion

Wednesday, February 7th, 2007

Benchmark Australian spot thermal coal prices rose above $52 a tonne from a week ago, lifted by Asian utilities’ appetite for bituminous coal and buoyed by more buying in the spot market as ship queues continue to swell.
Thermal coal, used for power generation, rose $0.95 from a week earlier to $52.36 per tonne, the globalCOAL […]

Asia Coal-Thermal coal prices rise on port backlog

Tuesday, January 23rd, 2007

Benchmark Australian spot thermal coal prices are up slightly from a week ago as a worsening backlog of ships waiting to load coal at the Newcastle port prompted traders buy more cargoes in the market to meet sales commitments.
Thermal coal, used for power generation, rose 65 cents from a week earlier to $51.65 per tonne, […]