Australia Coal Prices Plummet
World Economy

Australia Coal Prices Plummet

Australian thermal coal prices for delivery in June have dropped to 10-year lows as Colombian miners start sending large volumes into Asia for the first time, adding cargoes to an already oversupplied market, Reuters reported. Prices for coal cargoes delivered from Australia’s Newcastle port by May 31 last closed at $46.60 per ton, their lowest since 2006. The slump comes just as other commodities such as steel and oil enjoy rallies on the back of new investor appetite. In thermal coal markets, by contrast, an unusual new trade route has opened as low dry-bulk rates allow Colombian miners, who usually supply North America and Europe, to target Asia.


Short URL : http://goo.gl/rkJfJM
  1. http://goo.gl/2NoxVu
  • http://goo.gl/oryGXO
  • http://goo.gl/YNENHC
  • http://goo.gl/GGYlDQ
  • http://goo.gl/yVXqHi

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...