Japanese Thermal Coal Negotiations May Impact New Hope’s Profitability

Platts reported that New Hope (ASX:NHC) said its profits may be negatively affected by the outcome of current Japan thermal coal contract talks.

As quoted in the market news:

New Hope’s 6,050 kcal/kg net as-received, 13% ash Queensland thermal coal is similar to the specification of Newcastle thermal coal sold to Japanese customers under one-year term contracts for which prices are re-negotiated annually, said market sources.

Click here to read the full Platts report.