Original article by Jens Meyer
The Australian Financial Review – Page: 33 : 25-Feb-16
A recent report from the World Bank forecast that the price of Australian thermal coal will rise to $US58 per tonne by 2020. The price of coal exported from Newcastle was trading at $US40 a tonne in late February 2016, having peaked at almost $US130 a tonne in 2011. Macquarie believes that consumption of thermal coal may have peaked, and it warns that a global oversupply of LNG could further reduce demand for coal.
MACQUARIE GROUP LIMITED – ASX MQG, OIL SEARCH LIMITED – ASX OSH, WORLD BANK