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Standard Chartered: Strong coal prices are unsustainable

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…

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EconoTimes — Reading the Times. Understanding the Future.

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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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