Akm price and coking coal forecast, page-2

HI Muneeshwar, quote from the AKM annual report released yesterday:

"Unfortunately the seaborne metallurgical coal
market remains flat and has continued to impact
the Company’s share price. Benchmark seaborne
hard coking coal prices continued to fall during
the last 12 months from US$120 per tonne
during the June 2014 quarter to US$89 per tonne
agreed for the December 2015 quarter1. China’s
demand for seaborne metallurgical coal imports
has continuously fallen throughout 2014 and into
2015. Resulting from this combined decrease in
Chinese imports and pricing metrics, we have
seen supply cuts from various producers such as
Teck, Glencore and Peabody continue to occur
as well as the recent collapse of several large US
producers including Alpha Natural Resources,
Walter Energy, Patriot Coal, and JW Resources.
Looking ahead, medium to long term market
expectations remain more positive with prices
expected to improve from 2016 onwards reaching
approximately US$150/t in 2018/19."

Its a good read.