Thursday, 14 June 2007

Australian Coal May Gain 8 Percent to Record After Storm Curbs Production

(Bloomberg) -- Export prices for power-station coal
at Australia's largest coal export terminal may rise by as much
as 8 percent to a record after a four-day storm forced producers
to cut shipments, said Australia & New Zealand Bank.

Prices at Newcastle Port may rise to $66 a ton from $61, a
three-year high, if deliveries fail to resume in the next two
weeks, Andrew Harrington, a commodity analyst said by phone
today from Sydney.


Read more at Bloomberg Energy News

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