Declining met coal production to keep prices stable

DECLINING domestic met coal production in China and a lack of high-quality coal together with increased demand from India result in RBC Capital Markets’ expectations for relatively healthy demand growth for seaborne coal.

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Declining met coal production to keep prices stable Declining met coal production to keep prices stable Declining met coal production to keep prices stable Declining met coal production to keep prices stable Declining met coal production to keep prices stable

Met coal exports from Australia are expected to benefit from stable prices.

At the same time, there appears to be adequate expansions and new projects in the pipeline to meet this demand so it anticipates a balanced market, it said in a coal market report.