Glencore, Japan's Tohoku Electric set annual coal price at $94.75/T - sources

Glencore Plc and Tohoku Electric Power Co have settled an Australian thermal coal import contract for October 2017-September 2018 at $94.75/t, the same price as the term contract that ended last month, people familiar with the matter said on Friday. The price set for the year starting this month represents an 11.5% increase from the April-March contract. The people spoke on condition of anonymity because they weren't authorised to discuss the matter publicly.