Sunday, July 22, 2007

Newcastle Coal Price Falls a Third Week as Demand From Asian Buyers Eases

(Bloomberg) -- The price of power-station coal at
Newcastle, the world's largest export harbor for the fuel, fell
for a third week after Asian customers bought sufficient
inventories to meet demand for the peak summer season.

Coal for immediate delivery dropped 70 cents to $66.30 a
metric ton in the week ended July 20 from the previous week,
according to the globalCOAL NEWC Index. Prices reached a record
$70.88 a ton for the week ended June 28 after storms along
Australia's east coast disrupted shipments.


Read more at Bloomberg Energy News

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