When Teck reported its Q4 2016 results, it said met coal spot prices had pulled back to US$155 per tonne. Teck sells most of its coal on quarterly contract settlements. The Q1 2016 average realized price is expected to be about US$210 per tonne. Settlement prices for the Q2 2017 contracts haven't been released, as buyers and producers sort out the impact of supply disruptions in Australia due to major storms. Spot prices have rebounded above US$200, so there might be room for some upside price surprises in the coming quarter. Copper and zinc Teck also produces copper and zinc. Zinc rallied significantly through most of 2016 and into the first part of this year, but spot prices have fallen over the past two months and are pretty much back to where they ended the year. Copper had a huge run in Q4 2016 and started out strong in the new year, but it has also tracked lower over the past 60 days. Oil Teck is a 20% partner on the Fort Hills oil sands development, which is scheduled to begin production in late 2017.