Australian Coal Premium to Widen on Asia Growth: Energy Markets
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Australian coal’s premium over Europe is poised to widen as economies in China and India expand after it narrowed 57 percent in the past month as floods in Queensland receded and demand for winter heating eased.
Power-station coal at the Australian port of Newcastle, a benchmark for Asia, cost $8.75 a metric ton more than prices for delivery to the Amsterdam-Rotterdam-Antwerp region on Feb. 4, down from a 10-month high of $20.25 on Jan. 14, according to data compiled by Bloomberg and researcher IHS McCloskey in Petersfield, England.