Australian Newcastle high-ash coal prices sink below indonesian mid-CV coal

摘要

Australian Newcastle high-ash coal prices have fallen to a multi-year low, pushing the grade to a rare discount to Indonesian mid- CV grade coals, as difficulties importing Australian coal to China pushed up demand for other grades. While Australian thermal coal prices plummeted, Indonesian thermal coal prices surged as Chinese buyers scrambled to source for mid-to-high CV cargoes of other origins.