(Bloomberg) -- Price of coal at Newcastle, Australia,
the world's largest export terminal for the fuel, rose to the
highest in more than 2 years as demand from China increased.
The price of coal for immediate delivery from the Australian
port rose to $57 a metric ton for the week ended June 1 from
$56.35 ton a week earlier, according to the globalCoal NEWC Index.
China's coal imports in the first four months surged 50 percent
to 19 million tons, while exports slumped 29 percent to 15.87
million tons, according to customs figures released May 25.
Read more at Bloomberg Energy News
the world's largest export terminal for the fuel, rose to the
highest in more than 2 years as demand from China increased.
The price of coal for immediate delivery from the Australian
port rose to $57 a metric ton for the week ended June 1 from
$56.35 ton a week earlier, according to the globalCoal NEWC Index.
China's coal imports in the first four months surged 50 percent
to 19 million tons, while exports slumped 29 percent to 15.87
million tons, according to customs figures released May 25.
Read more at Bloomberg Energy News
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