Insight
Tohoku Electric agrees to pay 11 percent premium for Oct'14 thermal coal contracts
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Report summary
Tohoku Electric Power settles thermal coal contract price for October 2014 to September 2015 delivery with Australian miner, Glencore Plc. at US$73.45/t FOB Newcastle (6,322 kcal/kg, gross as-received). While the price is substantially lower than the Oct 2013 term price of US$85.8/t, it is still at 11% premium over the prevailing Newcastle spot price.
Table of contents
- Executive summary
- What drives the premium – product consistency, supply security and price stability
- What does this mean for producer margins?
- Conclusion
Tables and charts
This report includes 3 images and tables including:
- JPU premium – term price vs. Newcastle spot (US$/t, nominal)
- Australia thermal exports to Japan and price trends
- 2014 Australia export thermal cash costs (US$/t)
What's included
This report contains:
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