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Commodities Comment
Aus Coal on the mend from 1Q loss
Feature article
With trade data released up to February and shipping data for March, we can
now make a more educated guess at the loss of coal exports due to the floods
in Queensland and how much they may bounce back in 2Q. We think
additional supply of met coal will be absorbed by the market near today’s high
prices, although additional thermal coal seems likely to weaken in order to
entice demand from Chinese buyers.
Visit http://indiaer.blogspot.com/ for complete details �� ��
Commodities Comment
Aus Coal on the mend from 1Q loss
Feature article
With trade data released up to February and shipping data for March, we can
now make a more educated guess at the loss of coal exports due to the floods
in Queensland and how much they may bounce back in 2Q. We think
additional supply of met coal will be absorbed by the market near today’s high
prices, although additional thermal coal seems likely to weaken in order to
entice demand from Chinese buyers.