Sunday, April 22, 2007

Australia's Newcastle Coal Price Is Little Changed as Congestion Worsens

(Bloomberg) -- Export prices for power-station coal at Newcastle, Australia, the world's largest coal-export terminal, were little changed last week after rising 32 percent since November because of congestion at the port.

The price of thermal coal for immediate delivery from the port of New South Wales state gained 2 cents to $54.41 a metric ton in the week ended April 20, according to the globalCOAL NEWC Index. The price has increased from a low of $41.10 in the second week of November and in February the index reached a 29- month high.


Read more at Bloomberg Energy News

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