This article is 12 years old. Images might not display.
This deal with Tohoku Electric Power was reported by Bloomberg with the undisclosed source saying it was down from the October 2012 settlement of $96.10/t.
While a Tohoku spokesman confirmed a contract was settled, he did not reveal the price while Glencore was reportedly not commenting.
The latest contract is also down almost 10% from a reported $95/t annual coal delivery settlement between Tohoku and the pre-merger Xstrata Coal that started in line with the Japanese financial year on April 1.
Meanwhile, spot Newcastle-exported thermal coal prices were trading around $78/t last week.
