Tag: Australian Coal
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Australia: 6000 NAR grade coal prices fall amid declining LNG rates
Australian 6000 kcal/kg NAR grade coal prices dropped by 8% w-o-w to $427/t FOB Newcastle as global prices eased with falling LNG rates. The fall in gas prices has come amid the European Union’s plan to impose a cap on Russian energy prices to bring down energy bills. Europe and Japan emerged as the largest…