R/€ = 15.90 Change: 0.00
R/$ = 13.47 Change: 0.03
Au 1243.94 $/oz Change: 6.10
Pt 891.50 $/oz Change: 14.00
 
 
R/€ = 15.90 Change: 0.00
R/$ = 13.47 Change: 0.03
Au 1243.94 $/oz Change: 6.10
Pt 891.50 $/oz Change: 14.00
 
 
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Teck forecasts higher Q4 realised coal prices

6th December 2017 BY: Henry Lazenby
Creamer Media Deputy Editor: North America

VANCOUVER (miningweekly.com) – Canadian diversified miner Teck Resources has increased its forecast realised prices for all tonnes of coal sold in the fourth quarter to a range $165/t to $170/t, the Vancouver-based miner said on Tuesday.

The TSX- and NYSE-listed company advised that its realised price for the period is now expected to be 89% of the benchmark price that has been established at $191/t, however, it is still below Teck's average realised prices that usually track around 90% to 95% of the benchmark.

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The company explained that the differential between its expected average realised price and the quarterly index price is a function of the market direction, the company’s product mix and the timing of sales and vessel arrivals.

Teck expects to return to a more typical product mix of premium steelmaking coal going into 2018.

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Steelmaking coal sales volumes for the fourth quarter of 2017 remain in line with its previous guidance of about 6.5-million tonnes. 

EDITED BY: Creamer Media Reporter
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