Increased Supply May Lead to Lower Australian Coal Prices

Sydney Morning Herald reported that thermal coal prices in Australia are set to decline due to oversupply.

As quoted in the market news:

Thermal coal prices may slip to $US82 a metric ton for annual supplies starting April 1, 2017, the Bureau of Resources and Energy Economics said today in a report. Japan’s electricity producers agreed to pay a record $US129.85 a ton for coal last year.

Click here to read the full Sydney Morning Herald report.