Coking Coal Contracts Seen Slipping to Record Low, Survey Shows - Bloomberg: "Erdenes Tavan Tolgoi LLC, Mongolia’s largest state-owned coal company, resumed shipments to China in late April after a three-month standoff with its biggest customer, according to a government statement on Prime Minister Norovyn Altankhuyag’s comments in parliament on April 19.
The re-balancing of the seaborne metallurgical coal market will be more gradual than previously anticipated, Goldman Sachs Group Inc. said in a May 7 report. The bank cut its 2013 forecast 8 percent to $164 a ton and its third-quarter contract estimate 11 percent to $165 a ton."
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