Archive for the ‘Coal’ category

Coal Prices across Asia on the rise.

May 18th, 2010

Rising demand from China and India is driving thermal coal prices higher and higher with the spot market for sub-bituminous coal of 5500 KcKg selling for more than $112 in China.

Commodity experts predict global prices to remain strong and go up further this summer.

In 2009, China’s coal imports more than doubled to 130 million tonnes from the previous year. China has also closed its smaller and more dangerous mines. coupled with a huge drought which has severely hampered hydroelectric power. All culminating into increased demand from coal power sector.