Japan to Buy Xstrata’s Coal at Lowest Price Since 2013

Bloomberg reported that its analysts believe that Xstrata plc (LSE:XTA) is set to sell coal to Japan at $98 per metric ton, the lowest level seen in three years, beginning April 1, 2013.

As quoted in the market news:

That would be the first settlement below $100 since 2010. Utilities paid $115 a ton in 2012 for a 12-month accord with Xstrata, the company said in an August report. Spot prices have risen to $94.05 a ton since falling to $78.05 in October, the lowest level since 2009, data from IHS McCloskey show.

Click here to read the full Bloomberg report.

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply