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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