Эх сурвалж: www.fxnewscall.com
Coal Prices Bottomed: China Metals & Mining Market Insight
[Нийтэлсэн: 17.02.2016] [Эх сурвалж: www.fxnewscall.com]
Jefferies Hong Kong Limited believes coal prices have bottomed. QHD coal prices have increased Rmb19/ton from 4Q15 lows. Certain mine mouth prices have also ticked up. Low prices and “supply side reform” are quickly eliminating capacity. However, with demand plummeting and low-cost capacity still restricted, we believe prices will not materially recover. Output, however, should [...]
