Australian Coal Producers, Japanese Power Utility Work to Move Past Contract Prices Deadlock

Platts reported that Australian coal producers and their Japanese power utility customers have resumed talks as they work towards reaching a settlement for Japanese financial year (April-March) contract prices.

As quoted in the market report:

Now the prices seem to be in the range of $94-97/mt FOB [basis 6,322 kcal/kg gross-as-received] for the talks, and those numbers could seriously hit the supply capability of the Australian thermal coal industry,” said one market participant familiar with the matter.

To view the whole Platts report, click here.