Newcastle Port Power-Station Coal Price Gains for Second Week
By Jesse Riseborough
Nov. 10 (Bloomberg) -- Power station coal prices at Australia's Newcastle port, a benchmark for Asia, rose for a second week, gaining 3.2 percent amid rising demand from utilities.
The weekly index for power-station coal prices at the New South Wales port increased $3.19 to $104.02 a metric ton in the week ended Nov. 7, according to the globalCOAL NEWC Index.
Shipments from the port, the world's biggest coal-export harbor, increased 35 percent last week to the most in 15 months as demand rebounded. The price has slumped 47 percent from a July 4 record as the worst financial crisis since the Great Depression curbs demand for raw materials.
``We continue to view the thermal coal market as remaining tight, with utilities viewing security of supply as key and unlikely to renege on volumes,'' UBS AG analysts said in a Nov. 7 report.
Xstrata Plc, the world's largest exporter of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle. Thermal coal producers won a 125 percent increase in annual contract prices in the year that started April 1 to $125 a ton.
The price fell to a nine-month low of $96 in the week ended Oct. 24. The monthly index fell 26 percent to $106.92 a ton in October, from $144.82 the previous month.
UBS cut its 2009 contract price forecast by 20 percent last month to $100 a ton.
To contact the reporter on this story: Jesse Riseborough in Melbourne at [email protected]
Last Updated: November 9, 2008 18:42 EST
- Forums
- ASX - By Stock
- FLX
- coal price
coal price
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
0.010(5.41%) |
Mkt cap ! $39.87M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 19.0¢ | $43.23K | 221.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45000 | 0.180 |
1 | 104511 | 0.170 |
1 | 75000 | 0.165 |
1 | 25000 | 0.160 |
2 | 55000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 15000 | 1 |
0.205 | 44937 | 1 |
0.210 | 8890 | 1 |
0.220 | 10000 | 1 |
0.225 | 34300 | 1 |
Last trade - 15.06pm 18/10/2024 (20 minute delay) ? |
Featured News
FLX (ASX) Chart |