Prices for power-station coal may fall further because of a potential oversupply and as the market returns to being driven by demand, currency and cost factors rather than by speculative investors, the McCloskey Group, an industry research body, said.
Coking-coal contract prices are expected to decline 57% next year as Asian steelmakers cut output because of weakening demand, BNP Paribas SA said in a report 6/11.
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