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July 28, 2008Thermal coal touches USD 200 per tonne markIt is...

  1. AussieBryan
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    28/07/08
    15:55
    Post #: 4043106
    July 28, 2008

    Thermal coal touches USD 200 per tonne mark

    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.

    http://www.steelguru.com/news/index/2008/07/12/NTQ1Njk%3D/Thermal_coal_touches_USD_200_per_tonne_mark.html
    CDS Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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