http://steelguru.com/news/index/2008/03/27/NDAzNzY%3D/China_eying_price_hike_for_coal_export_to_Japan.html
China eying price hike for coal export to Japan It is reported that Chinese coal exporters are slated to start negotiating benchmark price with Japanese importers soon while global coal price continues upward swing. China Industry News learns that Japanese buyers are insisting on larger coal shipment from China, while the suppliers are push for higher price. The industrial insiders said that Japanese buyers are sitting on the fence right now in anticipation for a clearer market direction in Chinese coal export. They believe the export price would decline if China's coal export rebounds to 5 million tonnes to 6 million tonnes in April 2008. Most experts and analysts surveyed by the newspaper are anticipating steep price rise ranging from USD 120 per tonne to USD 134 per tonne on coal export to Japan this time. Mr Wu Yongping chairman of Datong Coal Mine predicts that the export price should keep in line with that of last December or February 2008 as the thermal coal export has reached over USD 120 per tonne in February. It's a long term practice that the benchmark price of Chinese coal export would refer to that of Australian thermal coal export to Japan which has yet to be finalized. Send instant messages to your online friends http://uk.messenger.yahoo.com
