Coking coal export prices to hold: analysts
Jul 11, 2012 | 11:49 AM
| Stacy Irish
NEW YORK U.S. coking coal quarterly export prices are expected to hold steady in the fourth quarter as the European financial crisis and competition from increased supplies out of Australia keep a ceiling on export tags, coal sector analysts told AMM sister publication Metal Bulletin.
Coking coal prices were at about $225 per tonne in the third quarter, up from $206 per tonne in the second quarter, and are expected to stay there for the fourth quarter, analysts said.
"I assume benchmark metallurgical coal prices will stay flat at $225 per tonne in the third and fourth quarters," Kuni Chen, managing director for metals, mining and coal analysis with CRT Capital Group LLC, told Metal Bulletin. ....
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