(Montel) Asia-Pacific benchmark coal prices rose 8% over the past week as ongoing limitations to Australian coal exports coincided with enduring global demand for the fuel, participants said on Thursday.
Broker Global Coal’s Newcastle index, a reference price for high-grade (6,000 kcal/kg) Australian coal, was last assessed last at USD 360.17/t, up USD 27.11 on the week and the highest since 4 November.
A coal analyst with a Swiss trading house said Australian coal export volumes remained relatively low, having suffered from weather-related disruptions in recent weeks.
“It’s a supply-side problem, as demand [in Asia] is not really…
