high-ash newcastle thermal coal rises $1/mt as Chinese buyers return

摘要

—Extensive mine safety checks introduced after a devastating underground accident at a coal mine in Shaanxi province in northwest China over the weekend have pushed Chinese buyers into the seaborne market for Australian and Indonesian thermal coal, sources said Monday. Chinese bids for February loading Capesize cargoes of Newcastle 5,500 kcal/kg NAR thermal coal were bid $1/mt higher compared with Friday at $62/mt FOB, against higher offers at $63-$64/mt, sources added.