(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
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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