Insight
Metallurgical coal quarterly price settlement roundup Q4 2015
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Report summary
The quarterly contract prices for met coal continued to decline with the low-volatile and mid-volatile benchmark falling US$4/t to US$89/t. With spot prices range bound between US$82/t and US$85/t for the bulk of the last quarter, it can be regarded as a positive outcome for suppliers. Certainly the agreement has been reached comparatively early – reportedly on 11th September – indicating perhaps an acknowledgement by suppliers that a fall towards the spot price was inevitable.
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