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Mining.com reported that Metallurgical coal has fallen to levels not seen since 2004.
Mining.com reported that Metallurgical coal has fallen to levels not seen since 2004.
As quoted in the market news,
Reports by Doyle Trading Consultants and trade publication Inside Coal have Japanese buyers signing quarterly contracts with Australian suppliers for $93 a tonne. WSJ notes that met-coal has fallen 70 percent from highs of $330 a tonne in 2011, due to a confluence of new supply flooding the market combined with a sustained lag in Chinese demand.
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