Original article by Peter Ker
The Australian Financial Review – Page: 17 : 14-Jul-17

Australian-listed Whitehaven Coal expects the quarterly contract pricing system to account for 40 per cent of its semi-soft coking sales in the next three months, and MD Paul Flynn says this could eventually rise to 70-80 per cent. He has downplayed speculation that coal buyers could eventually shift to a spot pricing system, noting that Whitehaven’s customers show no signs of wanting to make such a move at present. Glencore also intends to retain the quarterly contract system.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC, GLENCORE PLC, NIPPON STEEL AND SUMITOMO METAL CORPORATION, SHAW AND PARTNERS LIMITED