Increased Supply May Lead to Lower Australian Coal Prices
Sydney Morning Herald reported that thermal coal prices in Australia are set to decline due to oversupply.
Sydney Morning Herald reported that thermal coal prices in Australia are set to decline due to oversupply.
Reuters reported that China thermal coal prices are forecast to continue their decline as the country slows its economic growth.
Reuters reported that Indian imports of thermal coal are not likely to rise even though the import tax has been cut.
Platts reported that analyst Prakash Sharma predicted that thermal coal prices would stay at high levels over the long run.
Platts reported that thermal coal stocks in India were up as the country renews supply.
Platts reported that Deutsche Bank said its forecast thermal coal price outlook anticipates oversupply in global markets.
Mining Weekly reported that Chubu Electric (TSE:9502) is shifting its coal trading unit from Japan to Singapore.
Bloomberg reported that prices for thermal coal at China's Qinhuangdao port fell as stockpiles grew.
Bloomberg reported that thermal coal from China's Qinhuangdao port should drop due to oversupply.
Platts reported that interest from Indian buyers was behind trades in Richards Bay prompt physical coal.
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