Coking coal export prices to hold: analysts
Jul 11, 2012 | 11:49 AM
| Stacy Irish
Tags
USA,
coking coal,
Australia,
Canada,
Kuni Chen,
David Beard,
Andrew Jones
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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