Asia Pacific: Market rally gathers steam

摘要

All the thermal coal markets in Asia-Pacific strengthenedin a rally that many expect will continue in the weeks andpossibly months ahead.The fob Newcastle 5,500 kcal/kg market made furthergains over the week on tight spot supply from Australia,as well as continued production cutbacks in China. Onelarge Australian mining firm was heard to have sold out ofOctober-loading cargoes.