August 09, 2008

Japan utilities and Chinese coal exporters agree on long term price

Dow Jones reported that Japanese utilities have accepted a price of USD 131.40 a tonne for term coal offered by Chinese exporters for the April 2008 to March 2009 fiscal year

The report added that Japan Coal Development Co a coal trading joint venture owned by 10 Japanese power utilities, will officially inform the Chinese exporters of their acceptance today.

Japan Coal Development officials were not immediately available for comment.