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1.Market Observations, 8.Was Sticky

12 Sept 2016 (TheAge) – Miners to profit as coal prices hit four-year high

(12 September 2016, The Age, BusinessDay, p21, Brian Robins)

‘The surge in coking coal prices to four-year highs has prompted analysts to upgrade earnings forecasts for some producers despite wariness about how long the upswing will last. The price of coking coal, used to make steel, has more than doubled this year, touching $US200 a tonne on Friday, amid reports that South32, the spin-off from BHP Billiton, was forced to declare force majeure over supply difficulties at one of its mines in the Illawarra, coupled with supply disruptions at some Queensland mines.’



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