Premium paid widens for top quality coal

Original article by Peter Ker
The Australian Financial Review – Page: 18 : 16-Dec-16

The contract price for semi-soft coking has been settled at $US171 per tonne for the March 2017 quarter, which is 32 per cent higher than the current contract price. Meanwhile, buyers will pay $US180 per tonne for pulverised coal injection (PCI), which is an increase of 35 per cent. Despite the large rise in contract prices, both commodities are still fetching a significant discount compared with the price of hard coking coal.

CORPORATES
GLENCORE PLC, PEABODY ENERGY CORPORATION, WHITEHAVEN COAL LIMITED – ASX WHC, YANCOAL AUSTRALIA LIMITED – ASX YAL, STANMORE COAL LIMITED – ASX SMR, RIO TINTO LIMITED – ASX RIO, ANGLO AMERICAN PLC, SHAW AND PARTNERS LIMITED, IHS MARKIT

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