For the April to June 2015 quarter, the weighted average US dollar free on board for new contract prices of Curragh metallurgical coal (hard coking, semi coking and PCI) will decrease by about 6% as compared to the January to March 2015 quarter prices.
About 70% of deliveries in the April to June 2015 quarter are forecast to be at the new contract prices with the balance at carry over prices, and subject to actual contract deliveries for the April to June 2015 quarter.
Wesfarmers Resources managing director Stewart Butel said the coal pricing outcome for Curragh’s range of metallurgical coals was in line with recent market price settlements.
