(Bloomberg) -- Metallurgical coal's bubble may have burst. The commodity used to make steel is heading for a sixth weekly drop, the longest run of declines since November 2015, as China boosts production to cool a price surge and eases back imports. Morgan Stanley predicts hard coking coal will average $183 a metric ton in 2017, down from a record $308.80 a ton in November.
To contact the reporter on this story: Ben Sharples in Hong Kong at bsharples@bloomberg.net. To contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Abhay Singh, Alpana Sarma
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