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Bloomberg reported that Morgan Stanley expects slower Asian coal demand and flooding in Australia will cause coal prices to drop this half.
Bloomberg reported that Morgan Stanley expects slower Asian coal demand and flooding in Australia will cause coal prices to drop this half.
As quoted in the market news:
Morgan Stanley forecasts coking coal, used to make steel, to trade at an average spot price of $210 to $235 a metric ton during 2012, and thermal coal in a range of $110 to $120 a ton.