Coking coal prices set to fall from $285/mt Q4 contract agreement: analysts

摘要

The Q4 hard coking coal contract settlement of $285/mtFOB Australia may have been a lucky case of timing for suppliers,according to some analysts and market participantslate last week.The contract price - said to have been agreed by AngloAmerican and South Korea’s Posco - was helped by “good timing,”Credit Suisse said August 25, adding that prices were likelyto fall further on supply improvements out of Queensland.