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Standard Chartered: Strong coal prices are unsustainable

Thursday, March 5, 2015 9:25 AM UTC

Quotes from Standard Chartered

Coal prices have been declining for four consecutive years, and the coal market is in its fifth year of oversupply.
Higher-cost producers in Australia are coming to terms with the situation and have announced plans to lower production targets.
We think this is a positive step towards rebalancing the market.
We expect longer-term supply cuts to provide eventual support for prices.

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Standard Chartered: Strong coal prices are unsustainable

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