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Asian coal trading slows for Chinese New Year

Coal News - Published on Mon, 11 Feb 2019

Image Source: Investing.com
Montel reported that Pacific basin coal prices have eased over the past week as weather and industrial disruptions to Australian supplies had little impact on a market otherwise quiet during the Chinese New Year. Broker Global Coal’s benchmark Newcastle [Australia] index was last assessed at USD 98.48/t, down by 1.3% on the week.

However, the physical market did see a 75,000t cargo for March delivery change hands on Wednesday at USD 96.75/t.

Source :

Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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