China thermal coal market faces two-three month short squeeze due to coronavirus: Noble

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China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more than demand, Noble Resources’ chief coal analyst said on Tuesday.

“Supply has been hampered in the short-term even more than demand. This has created a short-squeeze in the market, which is likely to last 2-3 months,” Rodrigo Echeverri, Noble’s head of hard commodities research, told the Coaltrans India conference.

Read more : Reuters

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