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Australia Thermal Coal Prices Fall 3% to $72 a Ton

[marketmuncher]

Aug. 21 (Bloomberg) -- Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 3 percent, declining for the fourth straight week.

The index for power-station coal prices at the New South Wales port dropped $2.25 to $72 a metric ton in the week to today, according to the globalCOAL NEWC Index.

Xstrata Plc, the world’s largest supplier of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle.

https://www.bloomberg.com/apps/news?pid=20601081&sid=aAIymNRzjYnk