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Representatives of Xstrata will be in Japan next week to
exchange views with its steam coal customers in Japan in the run-up to the
April 2012-March 2013 contract price negotiations, which are expected to
take place in March, a Japanese source said Monday.
"There will just be an exchange of market views. The
actual price negotiations will take place in March," the Japanese
source said.
Japan secures its coal requirements mainly through term
contracts, most of which span the April-March fiscal year period.
Meanwhile, the Japanese utility Tohoku will lead the price
negotiations.
"I heard it will be Tohoku," the Japanese source
said.
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