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Elusive China Demand Erodes Support for Newcastle Thermal Coal Prices
Nov. 11, 2011 08:35AM PST
Industrial MetalsPlatts reported that Newcastle thermal coal prices fell on lower demand from China.
Platts reported that Newcastle thermal coal prices fell on lower demand from China.
As quoted in the market news:
In the Newcastle paper market, jitters about the lack of physical coal buying by China sent prices for 6,000 kcal/kg NAR derivative contracts $2/mt lower to $113/mt for December 2011 and Q1 2012 at the close of trading on Thursday.