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Tohoku Electric agrees to pay 11 percent premium for Oct'14 thermal coal contracts


Tohoku Electric agrees to pay 11 percent premium for Oct'14 thermal coal contracts

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. 


What's included?

This report includes 2 file(s)

  • Tohoku Electric agrees to pay 11 percent premium for Oct'14 thermal coal contracts PDF - 274.49 KB 4 Pages, 0 Tables, 3 Figures
  • Data.xls XLS - 119.00 KB

Description

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  • Executive summary
  • What drives the premium – product consistency, supply security and price stability
  • What does this mean for producer margins?
  • Conclusion

In this report there are 3 tables or charts, including:

  • Executive summary
  • What drives the premium – product consistency, supply security and price stability
    • JPU premium – term price vs. Newcastle spot (US$/t, nominal)
    • Australia thermal exports to Japan and price trends
  • What does this mean for producer margins?
    • 2014 Australia export thermal cash costs (US$/t)
  • Conclusion
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