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.

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.


Leave a Reply