The spot market was the place to be for coal miners in 2016, but with prices for the bulk commodity sliding rapidly, 2017 looks set to favour those selling on traditional quarterly contracts.
The divergence between spot and contract prices for coking coal was bigger than ever in 2016 and looks set to continue in 2017, renewing calls for the industry to make a full-scale switch to a daily market or "spot" price.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
