Met Coal Spot Market Back to $148.5 per Tonne Despite $172 per Tonne Quarterly Settlement
According to a recent equity research piece, quote, “Met coal production cuts to accelerate. Spot met prices have pulled back almost 14% in the last two months to $148.50/ton. Despite a 2Q13 settlement of $172/ton, we expect some producers to sell coal below the benchmark prices. At current spot prices, meaningful amounts of global production [...]
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