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THE FALL in the value of Australian thermal coal exports is being driven by a decline in global thermal coal prices which is itself a result of too much supply in the market, a situation the Office of the Chief Economist acknowledges in its latest report, according to the Institute for Energy Economics and Financial Analysis.
Australian thermal coal exports face an uncertain future.
In its September update, the OCE stated that weak demand from Japan, South Korea and the EU has coincided with increased supply "resulting in an oversupplied market".
