Subscribe to RSS feedTepid demand in Asia depresses Australian thermal coal prices
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Lloyd's List DCN
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last modified
Aug 18, 2010 01:14 PM
AUSTRALIA’S thermal coal prices, a benchmark for Asia, fell for the fifth straight week to their lowest since mid- February of below $93 per tonne, dragged down by tepid demand from end-users, banks and traders.
Thermal coal prices on the global COAL Newcastle weekly index fell US$1.60 from a week ago to US$92.62 a tonne free-on-board (fob) at Newcastle port on Friday. “The market is pretty quiet. We haven’t had many inquiries from China,” said...
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