Business
China paying through the nose to snub Aussie coal – The Australian Financial Review
Canadian coal miner Teck Resources says it is reaping a price premium selling into China as Australian producers are left out in the cold.
Additional spot sales to China were concluded gradually as the price was rising and achieved an average premium in excess of $US35 per tonne above Australian FOB spot pricing at the time each sale was concluded, Teck said in a market update.
Our contract sales to Chinese customers are also priced on the basis of CFR China price assessments. The most recent three cargoes were sold at prices between $US160 a tonne and $US165 a tonne CFR China.
In a declining coal price environment, our realised coal…
-
Noosa News21 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General13 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General23 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba
-
Noosa News13 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership