Continued Tightness In Coal Market

Coal Investing News reports coal market is continuing to be tight.

Analysts cite demand in China, steel mill restarts and Australian struggles to fill orders for a metallurgical coal price rise to $160 a metric tonne from less than $100 a few months ago.

“They’re actually soliciting for qualities available and having samples sent for testing,” Frank Kolojeski of New Jersey-based TransGlobal Ventures Corp told Reuters. “I understand there are people out looking for freight from the US to China. That’s a good indication,” he said.

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