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Monday, 13 November 17
THERMAL COAL PRICES WERE RELATIVELY UNCHANGED - DANIEL HYNES
coal and excavatorCoal prices were broadly higher, driven by strong gains in the metallurgical coal market said Daniel Hynes, Senior Commodity Strategist at ANZ in his latest note.

Accoring to Daniel Hynes, lack of cargoes containing premium coking coal has seen buyers become increasingly desperate to secure anything on offer. This has in part been driven by the ongoing issues at Dalrymple Bay, which has resulted in a queue lasting 20-25 days. However, domestic production issues in China have seen Chinese consumers also very active in the market.

He furthe rnoted that, the thermal coal prices were relatively unchanged, with the weakness in the crude oil market weighing on prices.


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