Thermal coal not dead yet

The seaborne thermal coal market's recent strength is expected to continue, with significant supply constraints adding to a positive demand outlook.

"Rumours of coal's death are premature", according to Jefferies analysts

Jefferies analysts lead by Christopher LaFemina said "rumours of coal's death are premature" and they increased their seaborne price forecast for Australian 6,000 kcal/kg NAR FOB Newcastle thermal coal to US$105 per tonne for the rest of 2018 from the previous $90/t.