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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.

Noel Dyson
UBS has revised its coal price expectations upwards.

UBS has revised its coal price expectations upwards.

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. “In the medium term structural...

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