Central Europe's leading coking coal producer, Czech-based New World Resources N.V. (NWR), has announced coking coal and coke price decreases of three percent and nine percent respectively for Q4 this year, as compared to Q3.
Accordingly, quarterly priced coking coal, which represents 20 percent of the total expected sales volume for 2010, amounts to approximately 190,000 mt for delivery in Q4 2010 and comprises mostly semi-soft coking coal. The average price agreed for these deliveries was €154/mt - down three percent compared to the average price for Q3 2010.
Meanwhile, NWR's average price agreed for coke sales during Q4 2010 was €331/mt - down nine percent compared to Q3 prices and up 122 percent compared to the 2009 average price. The expected sales volume for the period is approximately 280,000 mt.
NWR said that during calendar 2010 it expects to sell externally a total of approximately 5.5 million mt of coking coal, 5 million mt of thermal coal and 1.1 million mt of coke. Meanwhile, its production targets for the year are maintained at 11.5 million mt of coal and one million mt of coke.