Tag: Cement buyers
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Australian thermal coal prices rise but Indian buyers adopt a wait-and-watch mode
Despite an indefinite ban by China, Australian thermal coal offers for 5500 NAR have moved up by another $6-7/t against last Monday’s offers. Currently the same are being heard at $62/t, FoB Newcastle basis and freight to India for panamax vessels is assessed at around $15/t. The distressed selling offers by Chinese to Indian market…