Tag: Australia
-
India: Australian 5500 NAR grade coal sold at $95/t FoB China
With Indian buyers on the lookout for imported coal amid domestic shortage, a distressed sale of Australian 5500 NAR grade cargo available at Chinese waters has been heard at $95/t FoB China. However, from Australia, the same grade is being offered at $115/t, FoB Newcastle. Australian thermal coal supplies are facing headwinds amid COVID restrictions…