New World Resources announces coal prices for Q1 2013
New World Resources, a Central European hard coal and coke producer, has reported a 3% increase to EUR 103/t in its agreed price for coking coal in Q1 2013 compared to Q4 2012. However, the average price for its thermal coal this year will be 19% down on the 2012 realised price at EUR 60/t.
The company expects to produce 10 – 11 million t of coal in 2013, having produced 11.2 million t in 2012. Of this, the company sold almost 5 million t of metallurgical coal and 4.7 million t of thermal coal.
Commenting on the announcement, Investec, a bank, said: “The lower thermal price settlement is indicative of the market generally, with thermal spot prices remaining weak globally.”
Written by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/28012013/new_world_resources_announces_2013_coal_pricing/
You might also like
EIA reduces its forecast for US coal exports following Port of Baltimore closure
The US EIA has decreased its forecast for US coal exports following the collapse of the Francis Scott Key Bridge and the resulting closure of the Port of Baltimore.
