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Coal customers changing tactics as price slides: Whitehaven CEO

Peter Ker
Peter KerResources reporter
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A big divergence between contract and spot coal prices is already prompting many coking coal transactions to be struck well below the quarterly contract price, according to Whitehaven chief executive Paul Flynn.

Spot prices for premium coking coal are already about $US100 per tonne lower than the quarterly contract price, despite the fact the contract price will not be reset until March 31.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/business/mining/coal-customers-changing-tactics-as-price-slides-whitehaven-ceo-20170116-gts4im