Markets

Macquarie Bank has upgraded its price forecasts for iron ore and coal

Higher for longer. That’s the brief synopsis of Macquarie Bank’s latest bulk commodity price forecasts with factors from both within and outside of China seeing the bank upgrade its views over the next couple of years. “The biggest deck hike in the space was for metallurgical and thermal coal with […]
Macquarie Bank has upgraded its price forecasts for iron ore and coal
Markets

CHART: Chinese thermal coal imports collapsed in October

Chinese thermal coal exports collapsed in October, falling 32.1% to 7.3 million tonnes. The decline left total imports down 39% between January to October compared to the same period a year earlier. According to Vivek Dhar and Kofi Mensa, commodity researchers at the CBA, the sharp decline reflects slowing economic […]
CHART: Chinese thermal coal imports collapsed in October