Coal - Prices up 1% as China’s imports hit record

Coal - Prices up 1% as China’s imports hit record Newcastle coal gained 1.02% to USD148.2/mt Monday, with China’s imports reaching a record 47.59 MMT in September, up 13% year-over-year. The drop in coal prices to USD136.46/mt in late September boosted import demand, while thermal power growth and demand from the chemicals sector further supported coal use. Year-to-date imports rose 11.9% to 3.89 BMT. (Source : Reuters)