Deutsche Bank Raises Coal, Ore Forecasts on Floods

- January 11th, 2011

Bloomberg.com reports that Deutsche Bank is raising price forecasts for Coal and Iron as a result of floods in Australia.

Bloomberg.com reports that Deutsche Bank is raising price forecasts for Coal and Iron as a result of floods in Australia.

The story is quoted as saying:

Hard coking coal for the 2011 calendar year will average $265 a ton, Deutsche Bank said, raising a previous estimate by 11 percent. Contract prices may reach $300 in the second quarter, Brebner said. Prices will drop to $260 next year

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