2013 Coking Coal Prices Could Get a Lift from Chinese Steel Restocking: Barclays

Bloomberg reported that, according to Barclay’s, coking coal may see a spike in prices as China moves towards restocking steel.

As quoted in the market report:

This bodes well for a recovery in global seaborne met-coal prices in the coming months,” David Gagliano, an analyst at Barclays in New York, said in the note. Barclays said first-quarter benchmark settlements of $165 a metric ton may mark the low for 2013.

To view the whole Bloomberg report, click here.