Supply cuts may help stabilize thermal coal prices in 2016: Citi

摘要

Thermal coal prices are expected to bepressured in the fourth quarter as Chinese imports slow, buta supply discipline may help prices stabilize in 2016,Citibank analysts said Wednesday.The analysts see the Newcastle 6,300 kcal/kg GAR coalprice at $59/mt FOB for the third quarter and at about $56/mt FOB for the fourth quarter.