This from the Mac Bank morning note
"The quarterly met coal contract settlement dance has taken its first steps, with
McCloskey?s reporting an initial settlement by Australian producer Jellinbah
which implies a $175/t hard coking coal benchmark for Q1. Such a settlement
would come in at the low end of expectations, and would mark the largest
absolute fall in the history of quarterly met coal contracts."
For information purposes only
Viney
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