Quotes from the news wire:
In a counter-intuitive way, the market is showing persistent tightness whereas coal demand is falling in most parts of the world, we think the current rally is overshooting, in a similar way as prices overshot on the way down in January 2016. It is not fueled by a genuine increase in demand but rather by a short- to medium-term delay for spare supply capacity to adjust to demand.
Found on Reuters 8 years ago
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