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International coal prices generally rise
Time:2011-07-12   Read:900second  

Last week, three major ports in the international thermal coal price trend of the end of the previous division, there generally rise.
According to the global coal trading platform data show that as of July 8 when the week, Australia Newcastle Port thermal coal price index the previous week $ 120.9 / ton rose $ 1.55, based on / t to 122.45 U.S. dollars / ton, or 1.28%; South Africa Richard Port thermal coal price index for the previous week $ 117.10 / ton inched up to $ 117.11 on the basis of / t; Europe, three in Hong Kong ARA market coal price index rose significantly, to close at 124.19 U.S. dollars / ton, higher than 2.09 pericyclic U.S. dollars / ton, or 1.71%.
In the second quarter, the Australian thermal coal prices vary slightly, but so far this year, thermal coal price has dropped nearly 7%. Japan is the biggest buyer of Australian coal, but also the world's largest coal consumer, therefore, occurred in Japan since the deadly earthquake and tsunami, the Australian coal demand.
However, more signal points on the market after the earthquake in the era of Japan's coal consumption is expected, more inclined to Japan's tight trading range to restore to before the earthquake, the purchase level.
Citing media reports, the mining giant Xstrata has agreed in October to $ 127.50 from the price of Australian thermal coal sold to Tokyo Electric Power. (Zeng Bo)

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