ARA coal prices have increased by 10% since the first week of May and are now trading at more than $80 per ton, Deutsche Bank said in a research note released this week. The report noted that strikes in the Hunter Valley in Australia may have given coal prices a boost in the near term.
“Strikes in the Hunter Valley, beginning on 8 June, may have negatively affected production volumes there, possibly supporting short-term prices,” the report said.
The bank added that heavy rains and flooding in...
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