Oct 14 (Reuters) - Stanmore Coal Ltd (SMR) :
- Notes that dec 2016 quarterly benchmark price for semi-soft coking coal has been settled between leading australian producers and steel mill customers
- "december quarterly benchmark price has been set as usd 130 per tonne, a rise of 75% above september 2016 quarterly benchmark price"
- higher december quarterly price will apply to coal delivered by stanmore from around november 2016 through february 2017
- under stanmore's term contracts with major steel mills each new quarterly price applies after any carry over tonnes from previous quarter are delivered
News: SMR Stanmore Coal updates on increase to quarterly coking coal benchmark
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