Tohoku Electric Power Mining News

Is coal's slump overdone? Australia's resilient exports suggest maybe

There are some signs that the rapid decline in thermal coal prices in recent months has moved the market into oversold territory.

Glencore, Tohoku Electric set coal contract price at $94.75/T

The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14% lower than a price agreed for the year through September this year.