Chubu agrees to 20% thermal coal price increase

CHUBU Electric Power has agreed to a 20% price rise for thermal coal for the year starting April 1, according to a Japanese steel industry newsletter.

The Tex Report said Chubu would pay US$34.50 a tonne for Australian thermal coal during the coming Japanese financial year, but Tohoku Elextric Power has not accepted a price rise of 20%.