Differences in coal prices; Aus vs USA
I'm doing some research on a coal company which has assets in Australia and the US (think something like Peabody)
In Australia their coal went to China for ~US$90/t but in the US it went domestically for ~$US20-40/t.
I must be making a mistake
How can there be such a difference in price the coal quality is about the same- if someone could sell to China for more then double then why would anyone sell domestically in the US?
I know there are infrastructure bottlenecks on the US west coast but am I missing anything else?
import costs, transport..there's tons of possibilities
Quis quibusdam eos adipisci suscipit sit nobis inventore ut. Dolores dolore itaque mollitia voluptatem. Voluptas amet eum molestiae nulla doloribus. Harum est aperiam quos maxime consequuntur eligendi. Repudiandae qui illo doloremque neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...