Asia Coal Prices surge upward in China and India.
Thermal coal prices are expected to increase into the second half of this year due to strong demand from Asian economies and a possible resurgence in Europe’s needs as well.
China and India will continue to lead Asian demand, with analysts anticipating a substantial increase in the amount being brought into both countries, along with its Asian neighbors coal usage is steadily increasing.
Global coal prices will continue to be linked to Chinese demand. China could import as much as 170 million tonnes in 2010. If demand picks up in other regions, it will put pressure on the China’s supply chain.
India, the world’s fastest growing coal importer will also be placing huge demands on the supply chains.