These domestic coal shipments are still way cheaper than the price of importing fuel from the overseas market 💰
Thermal coal loaded at Australia’s Newcastle port soared to a record earlier this month as buyers shun Russian shipments and seek alternatives to pricey natural gas
— Stephen Stapczynski (@SStapczynski) March 21, 2022
One more thing worth watching in India:
Coal India is seeking to make the first major price increase since 2018 to long-term contracts, arguing that a hike is necessary to handle spiraling costs
(India relies on coal to generate about 70% of its electricity)
— Stephen Stapczynski (@SStapczynski) March 21, 2022
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