Fri, Sep 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Energy, Price Watch, Resources more

Citi cuts thermal coal price estimates as supply zooms

Posted on 03 May 2013

Coal prices are likely to fall this year, owing to low demand and increased supplies. Citi Research has lowered the price estimates of global thermal coal for this year and the next, citing increased supply and subdued demand in India and China, the key coal-importing nations.
Citi’s commodity research team cut its coal price forecasts for 2013 and 2014 by six per cent and 15 per cent to $89 a tonne and $94 a tonne, respectively. Earlier, the price was estimated at $95 a tonne for 2013 and $111 a tonne for 2014. Citi said the subdued demand in the European and Chinese markets, along with oversupply of 31-41 million tonnes (mt) in 2013-14, would reduce prices further………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930