Glencore raises coal output outlook, remains bullish on thermal prices

摘要

Glencore, the world's largest exporter of seaborne thermal coal, raised its 2019 and 2020 coal output forecasts to both total around 145 mt, up 2 mt and 3 mt respectively from last year's projections. Glencore is expected to produce around 132 mt this year, down from its forecast last year for 139 mt, the company said in its latest investor update this week. It estimated its marketable reserves at 3.4 bnt out of 38 bnt in overall resources. The average quality of Glencore's coal exports this year were just