Tag: Tohoku Electric
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Japan’s Tohoku, Glencore settle thermal coal contract at $395/t, FoB
The contract price for Australian 6000 NAR grade thermal coal between Japanese utility, Tohoku Electric and miner Glencore has been fixed at $395/t, FoB. The contract is usually signed for one year and the price is considered as a benchmark for thermal coal supplies in Asia. This is a three-fold rise against last year’s contract…