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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. 

What's included

This report contains

  • Document

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

    PDF 274.49 KB

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:

Images

  • 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)

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