Aug 02: International coal prices are now taking a downward correction.
8The retreat in demand seems to have been triggered by a sudden drop in temperatures in China brought about by a series of heavy rainfalls, whilst at the same time the overall market supply seems to have been boosted by a revamp in production volumes by local Chinese mines and a jump in port inventories.
8The projection now is that prices could witness a further 5 percent drop on top of the 5 percent drop noted thus far.
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