Bloomberg reports that China, the world’s largest coal consumer, will import less material from Australia due to a narrowing of the gap with domestic prices.
As quoted in the market news:
“The difference has closed to about $13 a metric ton from $30 in June including freight costs, Oslo-based DNB Markets, a unit of Norway’s largest bank, said in an e-mailed note today.”
Get The Latest "Coal Price Forecast And
INN is the only resource online to offer an exclusive investor's report on coal investing and the global coal market (value: $49) – For FREE.
Coal Stocks To Buy" Report -
Yes, I want my free report.
Click here to download for free.