It is reported that export price for thermal coal at Australia's Newcastle Port, the benchmark price for Asia has achieved USD 200 per tonne for the first time hitting a new record.
Analysts from Citic Securities believe international price keeps rising, spurred by surging crude oil price and deteriorating short supply. Citic Securities added that due to floods in Australia, short electricity supply in South Africa and snowstorms in China, coal price in Asia reaches record highs.
