Steep price falls confirmed in contract settlements
Collapsing demand for power and steel has meant that annual coal prices have been settled for a price cut of nearly 60%. It marks a dramatic end to six consecutive years of price increases.
If anyone needed confirmation that we are in a buyer’s market at the moment, the rapid settlement of coking and thermal coal prices between major producers and Japan’s steel and power companies have certainly provided it....
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This complete item is approximately 2000 words in length, and appeared in the March/April 2009 issue of CoalTrans International, on page 10.
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