Coal: Five things to look for in 2017
2016 was a year of extremes in prices for both met and thermal coal and 2017 should also prove exciting. There are uncertainties around China’s work day restrictions and efforts to curtail coal steel and power capacity. Most global producers are looking for ways to gain from the still-high prices; and there is the potential for a banner year for M&A. The new Trump Administration could usher in a number of changes, but we believe the ability to greatly improve the marketplace will be limited.