Coronado predicts met coal price upside, supported by revival in construction in China, India

Metallurgical coal miner Coronado expects prices to stay above $192 per tonne after August, driven by an increase in demand for steel after a revival in construction activity in China and India — despite posting a near 25% year-on-year decline in first-half revenues at the end of June.

In its latest quarterly report, Coronado said it expects restocking demand to kick in after the seasonal July-August lull amid improved market dynamics, with prices expected to stay above the...


Paul Lim

Olivia Zhang

July 21, 2023

14:01 GMT

Singapore, Shanghai