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Bloomberg reported Credit Suisse Group AG dropped its price forecast for thermal coal at Australia’s Newcastle port to an average of $98 a metric ton.
Bloomberg reported Credit Suisse Group AG dropped its price forecast for thermal coal at Australia’s Newcastle port to an average of $98 a metric ton.
Andrew Shaw, head of base-metals and bulk-commodities research at Credit Suisse in Singpore, commented:
Tentative signs of supply discipline have begun to emerge but more significant cutbacks and project deferrals will need to emerge.