| From Guardian: The first Asian coal futures contract will this Friday add spark to the nascent paper market for the world's most abundant form of energy, providing a hedge not only against prices but the rising threat of credit risk.
The Newcastle coal futures contract, the first to be based on globalCOAL's dominant NEWC price benchmark, will allow end-users to lock in prices that have fallen two-thirds from their July record high of $200 a tonne, and provide a chance for producers to protect against a deepening decline..... Full Article: Source
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