Rio Tinto plans to rise 14.3% of Japan contract coal price

Industry information said that Rio Tinto plans to raise 14.3% of Japan Public utilities industry contract coal price because of the global supply has no sign to increase. Information said that Rio Tinto coal sale minister meet Japan customers including Chubu Electric Power Co, agreed to supply coal resource at $135/metric ton. This price is $55.65/metric ton. “The initial price is fixed on $135/metric ton. Most of the supply ways is stocked and will not has change in a short time.” Information said that Xstrata has fixed this price on $125/metric ton. However, Queensland State coal shipping was damaged by rain, Asia aluminum is more tension now.