BMI bumps up thermal coal price forecast

July 28, 2017

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BMI Research has revised its 2017 thermal coal price forecast upwards from $70/t to $75/t in the wake of strong Chinese demand, following weather disruptions at hydropower stations. Towards the end of the year, however, it is expected that the prices will ease as better weather restores Chinese hydropower capacity and the global market is better supplied by increased output from major producers.

Category: General