Global thermal coal supply and demand likely will be more balanced next year but prices will stay relatively low, according to Bank of America Merrill Lynch (BofA) research. The pace of new mining projects, which are flooding export markets with thermal coal, will trail off next year and economic activity should improve, helping to place seaborne product in Europe and Asia, BofA said. But supply, particularly from US exporters, will remain ample enough to hold prices down. The bank did not give volume and price projections for next year.
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