Australia Revises Metallurgical Coal Price Forecast

Reuters reported on Wednesday that Australia’s Bureau of Resource and Energy Economics had cut its forecast for the prices of metallurgical coal and iron ore for 2015. The forecast change was largely due to rising output as new coal mines have offset production from operations that have closed.

As quoted in the publication:

BREE also forecast a sharp dip in metallurgical coal prices to $118.90 a tonne in 2015, well down on its March forecast of $134.60. It slightly increased its forecast for exports to 180.5 million tonnes in 2014/15, just up on a year earlier.

Click here to read the full Reuters article.

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Coal Report small 

Get Our Expert Guide to Coal Investing FREE!

  Download this FREE Special Report, Coal Price Forecast 2015 Types of Coal, Coal Prices and Coal Stocks

Leave a Reply