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Commodity analysis
Coal prices will remain hot
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1
Q
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5
3
Q
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5
1
Q
0
6
3
Q
0
6
1
Q
0
7
3
Q
0
7
1
Q
0
8
3
Q
0
8
1
Q
0
9
3
Q
0
9
1
Q
1
0
3
Q
1
0
1
Q
1
1
C
L
3
Q
1
1
C
L
1
Q
1
2
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3
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2
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1
Q
1
3
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4
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1
5
C
L
Hard coking coal Semi-soft Thermal (US$/t)
Source: Company announcements, Bloomberg, CLSA Asia-Pacific Markets
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