COKING COAL PRICE: Wesfarmers, one of Australia’s coking coal producers, has concluded price negotiations for the October-December 2014 with majority of its customers. The weighted average FOB price for the quarter would be 1% lower than the previous quarter but 25% below the corresponding period of 2013 due to weak demand and strong supply. Wesfarmers’ Curragh hard coking coal benchmark price for Oct-Dec 2014 is US$110 per ton, down from US$111 in Jul-Sep quarter and US$138 in Jan-Mar 2014 period.

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