END OF DAY – Coal, gas slip in tandem amid bearish signals
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“In the short term, we could head lower,” said Alex Claude, CEO at dry bulk analytics firm DBX, citing a likely near-term floor at around USD 90/t.
At such levels, US and some South African exports would be priced out of Europe, he said. However, he added that the global market could still garner some support from growing demand in leading consumer China, due to domestic production limitations.
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