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1.Market Observations, 8.Was Sticky

9 Nov 2016 (AFR) – Whitehaven Coal’s Paul Flynn says coal contract prices will go higher

(9 November 2016, AFR, p1,p15, by Peter Ker)

‘Soaring coal prices will stay strong through the Australian summer according to Whitehaven Coal chief executive Paul Flynn, who believes China’s recent supply cuts have signalled a long-term floor in the commodity price. Speaking after coking coal prices rose by 7 per cent on Tuesday to continue their extraordinary rally, Mr Flynn said the crucial quarterly contract prices for coal would be higher in the first quarter of 2017 than the bumper prices set for the current quarter.’

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