Price gains in European gas and power helped lift coal prices last week although China’s import restrictions have begun to impact on coal deliveries from Australia‚Äôs East coast. Australian cargoes are trading at significant discounts to paper prices, and NEWC itself is trading at several Dollars under RBCT. For its part, Coal India still seeks to produce 1-bn tonnes by 2024 with auctions of coal blocks still scheduled for next month.

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