Thermal coal advanced to US$94.55 per ton Friday (Aug 4), the highest level seen since early this year amidst reports about temporary suspension of two coal mines of China Shenhua, poor weather in Indonesia, and strong import from Japan in June. Reports about higher production in the United States failed to stop the rally because China’s ban on thermal coal imports at Tier 2 ports since end of June started to make an impact.To subscribe please click here
