Global Markets Expected to Maintain Thermal Coal Oversupply

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.

Click here to read the full Platts report.