Credit Suisse Cuts Newcastle Coal Outlook

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.

Click here to read the full Bloomberg report.