Coal prices to stabilise in 2017, analysts say

摘要

Thermal coal prices should fall from present highs early next year but probably will find support well above the decade-lows reached in 2016, according to market analysts. After five years of consecutive declines, global coal prices have more than doubled since February, driven higher chiefly by production cutbacks in China. Australian prices, a benchmark for the Asia-Pacific market, breached $100/t last week, while South African and Europeandelivered coal continued a surprise rally.