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Coking Coal Price to Fall on Softer Demand, Mackenzie Says
Oct. 19, 2011 01:39PM PST
Industrial MetalsBloomberg reported that Wood Mackenzie Ltd. sees coal prices dipping below $240 by next year.
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.
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