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17 Jan
03:11

BMI: coking coal to stabilise in first half

BMI Country Risk and Industry Research foresees coking coal prices stabilising in the first half of 2024, Kallanish notes. The research house says in a note that it maintains its Australian coking coal price forecast for 2024 at $300/tonne, as prices remain elevated over tight supply amid strong demand from India and Japan. “We believe coking coal's price rally since July 2023 has slightly more room to run, although most of the rise is now behind us,&r…
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