Asia Coal-Prices rise above $52 on demand, port congestion
Wednesday, February 7th, 2007Benchmark 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 […]