Queensland joins the coking coal price upgrade party
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Prices paid for coking coal mines in Queensland recently were well above expectations. Bloomberg
The corporate sector's recent optimism towards coking coal prices found further support on Tuesday when the world's biggest exporter of the commodity raised its medium-term price forecasts by 13 per cent.
The Queensland government predicted prices for premium hard coking coal will remain above $US130 a tonne until at least mid-2022, in an advance on last year's prediction that it would gradually retreat towards $US115 a tonne in the medium
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