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Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM


Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need for less power to drive heavy industry in countries such as Taiwan, Japan and South Korea.

The spot price of thermal coal from Newcastle has plunged by 23 per cent to $US61.70 ($96.73) a tonne in the past three weeks, compared to the contract price of $US125 a tonne last year.

It is believed Xstrata and Rio Tinto have this week settled the annual benchmark contract price at $US70 a tonne with Japanese buyers, a 44 per cent fall from last year's contract price.

To read more clcik
Business.smh.com



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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
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Friday, 29 October 10
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The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...


Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
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Wednesday, 27 October 10
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People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...


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