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US thermal coal looking positive

US thermal coal prices have been relatively stable recently with fundamentals improving, although the market’s reliance on a strong gas market and producers remaining disciplined mean the prospect of a significant recovery over the next year is dubious, according to a US bank.

Mines are likely to come back online due better demand and price, putting a lid on any price recovery

Mines are likely to come back online due better demand and price, putting a lid on any price recovery

Jefferies notes that natural gas prices have been stable around the US$3 per million British Thermal Units (MBtu), which has boosted coal demand and prices somewhat. Powder River Basin (PRB) 8,800 Btu...

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