For interest, this was from the Whitehaven quarterly report released today.
"Production cuts in the metallurgical coal market of about 25Mtpa announced during 2014 are working through the coal market as evidenced by the recent Q1 2015 quarterly price settlement of US$117/t for premium hard coking coal. This price outcome was slightly lower than the US$119/t agreed for the previous quarter. However lower grade coking coal saw slight price increases quarter on quarter and PCI was unchanged, which is indicative of a metallurgical coal market close to balance."
CKA Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
