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Global Markets Expected to Maintain Thermal Coal Oversupply
Mar. 01, 2012 03:34PM PST
Industrial Metals InvestingPlatts reported that Deutsche Bank said its forecast thermal coal price outlook anticipates oversupply in global markets.
Platts reported that Deutsche Bank said its forecast thermal coal price outlook anticipates oversupply in global markets.
As quoted in the market news:
Deutsche Bank forecast average API4 (FOB Richards Bay) South African coal prices at $113/mt this year and $115/mt in 2013 before declining to $105/mt over the next two years.