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1.Market Observations, 8.Was Sticky

7 Apr 2017 (TheAge) – ‘Stronger for longer’ resource prices to buoy government coffers, boost exports

(7 April 2017, The Age, BusinessDay, p18, Brian Robins)

‘Federal and state government coffers will benefit from the “stronger for longer” spike in commodity prices such as coal and iron ore, with exports expected to add as much as $12 billion to the economy than earlier expected this financial year. In total, resource sector exports are now expected to reach a record $215 billion in the year to June, with high prices to continue to bolster export revenues from the sector into 2017/18, which will remain at this peak level, according to the Resources and Energy Quarterly released Friday by the Department of Industry, Innovation and Science.’

Read more at TheAge.com.au

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