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1.Market Observations, 8.Was Sticky

14 Dec 2016 (AFR) – Bumper coking coal price agreed for March quarter

(14 December 2016, AFR, p13, by Peter Ker)

‘Coking coal miners will be paid 42.5 per cent more for their product in the New Year, after the benchmark contract price for the first quarter of 2017 was settled at the highest price since 2011. Steelmakers and miners were keen to agree before Christmas on a price for the period between January 1 and March 31, and they have agreed that premium hard coking coal sold under the contract will be priced at $US285 per tonne during the period.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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