Coking Coal Price to Fall on Softer Demand, Mackenzie Says

Bloomberg reported that Wood Mackenzie Ltd. sees coal prices dipping below $240 by next year.

As quoted in the market news:

“Prices have started to fall from the last quarter and will continue to decline due to softening demand and the recovery of supply from flood-hit basins earlier in the year,” Prakash Sharma, coal market analyst at Wood Mackenzie, said.

Click here to read the full Bloomberg report.