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South Africa: Blackouts and soaring Indian imports lift coal prices as El Nino looms

May 6, 2015 Comments Off on South Africa: Blackouts and soaring Indian imports lift coal prices as El Nino looms

Power blackouts in South Africa and soaring Indian imports in anticipation of an El Nino climatic event have pushed thermal coal prices in the Indian and Pacific Ocean basin up since the beginning of May, raising their premium over European cargoes.

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