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Pressure on coal prices unlikely to ease for now

Analysts cite continuing overcapacity; longer term demand hinges on India and China

Singapore

OVERSUPPLY, coupled with weakened demand, has led analysts to believe both thermal and coking coal prices will remain under pressure up till end-2015 and beyond, with India driving a prominent share of demand.

Coal has been sitting in a bear market for more than three years.

In recent times, thermal coal prices plunged even further due to tighter regulations in China to limit air pollution as well as competition from other energy sources, primarily gas and renewable energy, while stagnation...

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