Domestic thermal-coal prices range between 800 yuan ($117) and 900 yuan a ton, Fang said at the time. That's lower than prices at Australia's Newcastle port, a benchmark for Asia, where the fuel jumped to a record $194.79 a ton in the period ended July 4, according to the globalCOAL NEWC Index.
Global coal prices will ``move modestly higher over the next six to 12 months,'' Daniel Brebner, UBS AG's executive director of commodity research in London, spoke in a phone interview on July 3. ``You have infrastructure issues building in both the U.S. and Russia, and a potential power crisis in China over the summer."
"More US coal moving to Asia - market sources HOUSTON, July 7 (Reuters) - More U.S. coal is moving to Asia, including the first Utah coal and the first whole cargo of Powder River Basin coal through Westshore Terminals at Vancouver, Canada, market sources said Monday.
Utah coal has never moved through Westshore before and Powder River Basin has moved only as part of a blend, said Dennis Horgan, terminal general manager.
Coal analysts have been watching for increased movement of U.S. coal to Asia as prices soar in a booming, coal-hungry market. (Reporting by Bruce Nichols)"
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