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1.Market Observations, 8.Was Sticky

9 Mar 2017 (AFR) – Coal stocks fall as China abandons output limits

(9 March 2017, AFR, p13, by: Peter Ker, Lisa Murray)

‘Australian coal stocks have slumped after China indicated it would not reinstate the mine production limits that sparked last year’s extraordinary rally in coal prices. In comments that caught the market by surprise, China’s top economic planning agency said it would not force large-scale production cuts this year if coal prices remained in a “reasonable range”. The statement was released on the National Development and Reform Commission (NDRC) website following widespread speculation that China would reinstate…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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