Coal prices revised

UBS has lifted its near-medium term metallurgical and thermal coal prices forecasts because it reckons structural capacity reform will continue to support pricing for a year or two yet.

UBS has revised its coal price expectations upwards.

13 October 2017
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It points to mandated government supply cuts and closures of Chinese steel, coal and alumina and aluminium output, albeit temporary over the 2017-18 winter, supporting prices.

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