Czech coking coal producer New World Resources (NWR) has agreed full-year average contract pricing with customers for 74% of its planned met production at €93/t, ex-works, which represents a rise of €8 compared with the fourth quarter of 2014. Coking coal sales are expected to be split roughly 47% mid-vol hard coking coal, 42% semi-soft and 12% PCI. NWR said the price for the remainder of the expected production will be negotiated later in the year. For the fourth-quarter 2014, NWR agreed an average price for coking coal deliveries at €85/t, based on 37% mid-vol, 47% semi-soft and 16% PCI. The Q4 price average was up 4% on the preceding quarter.
Copyright:China Iron and Steel
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