JP Morgan cuts coal forecasts for 2013, 2014

JP Morgan has reduced its coal price forecasts for 2013 and 2014 because of greater supply being pushed into the market.

JP Morgan has reduced its coal price forecasts for 2013 and 2014 because of greater supply being pushed into the market.

"The ramp-up of Australia's met coal shipments, as they recovered from flooding and industrial action last year, has led to a well-supplied market," the broker said.

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