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It is doom and gloom for seaborne Coal in 2013

Posted on 13 September 2013

Seaborne coal prices will continue to face bleak prospects this year as AP 12 coal, CaL14 have broken below $90 per metric ton and now trading at $84/metric ton, according to Bank of America Merrill Lynch (BofAML ).
In a new report it said that producing nations are not curtailing production but cutting costs while Colombian exports are likely to rebound as port strike is coming to an end………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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