Met coal to rationalize more, iron ore needs cuts: HSBC

摘要

Lower costs are shrinking pricesfor metallurgical coal, according to analystsat bank HSBC, adding that “with increasedpressure on profitability, we see supplyrationalization through 2017.”In its latest quarterly metals report, HSBCsaid reduced costs in Australia were leadingto falling met coal prices and it was cuttingits hard coking coal price forecasts by 13% for2016, 12% in 2017 and 11% in 2018.