| Raw Material - Coal/Coke |
| Latest Updates |
BHP Billiton 55% Coking Coal Price Hike
BHP Billiton, the world's largest miner, announced on its official website on Mar 9 that it had struck deals on coking coal with steel makers from Europe, China, India and Japan, and, most remarkably, it had adopted a shorter period pricing. Previously, Japanese steel makers said that it had accepted BHP Billiton's changes from an annual pricing mechanism to a new mechanism on quarterly basis. Major Japanese steelmakers and British-Australian resources giant BHP Billiton have agreed to increase the price of coking coal produced in Australia in the April-June quarter to 200 dollars per
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Beneath The Coal Industry: Where There's Money, There's A Way
China's main coal producers and electric power generators had been grappling with each other for years in annual contract negotiations, till it came to last year, when the annual negotiation method was substituted with a new way that more closely conforms with the principal of market laws. Coal providers and power generators would never easily compromise to each other. Under the backdrop of wrestles over the years, however, there has been an extremely lucrative and somehow tacit business that both sides have spared no efforts to do. With their convenience in transportation (both sides have
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Weekly Overview Of Imported Coal Market During Mar1-Mar 5, 2010
This week the market of imported coal had remained weak on meagre trade volume and prices had edged down also. At present coking coal market was sluggish, but it was expected to recover soon when construction activities enter a high season. In due time imported coal is still considered to be the top priority for consumers.
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