Tag: RB1 coal
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South Africa: RB1 Thermal Coal price shoots up by $7/t amid China’s push for long term contracts
The Chinese government has urged its industry participants to establish long-term coal supply arrangements and also encouraged stocking of coal in off-season for use during the peak winter-heating season. This has made the country’s thermal coal spot prices and futures go up, further impacting the global thermal coal prices including S.Africa. The RB1 (6000 NAR)…