Macquarie Lowers 4th Qtr Coking Coal Price Estimate to $145 Per Metric Tonne
Macquarie is known for its coverage of coking coal markets. It now expects a quarterly benchmark price of $145 per metric tonne, “mt,” for the fourth quarter of 2013. As I’ve written consistently all year, spot coking coal prices are so far out of the money, that companies like Walter Energy, Peabody, Alpha Natural Resources [...]
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