No Bottom In Sight For China Coal Prices
From Money Control
Coal prices in China have fallen almost 20% since the beginning of the year, with analysts expecting further declines as inventories remain high and coal mines in China continue to ramp up production.
Spot coal in China, which is currently trading around 650 yuan (USD 102.40) a tonne could fall a further 8% this quarter, according to Nomura Research.
