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Wednesday, 13 December 17
DEMAND FOR THERMAL COAL LOOKED RELATIVELY ROBUST - DANIEL HYNES
Coal ExcavatorCoal prices were a touch higher. Demand for thermal coal looked relatively robust, after reports continued to surface that Chinese authorities have eased constraints on coal use in heating due to a shortage of gas said Daniel Hynes, Senior Commodity Strategist at ANZ in his latest note.

According to his note, the coking coal prices were relatively unchanged, with traders taking some time to assess where the market is heading after a strong month of gains.

However, markets remain concerned about ongoing supply issues in Australia, which should see pressures remain to the upside for prices, Daniel Hynes concluded.


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