Continued Tightness In Coal Market

- August 20th, 2009

Coal Investing News reports coal market is continuing to be tight. Analysts cite demand in China, steel mill restarts and Australian struggles to fill orders for a metallurgical coal price rise to $160 a metric tonne from less than $100 a few months ago. “They’re actually soliciting for qualities available and having samples sent for … Continued

Coal Investing News reports coal market is continuing to be tight.

Analysts cite demand in China, steel mill restarts and Australian struggles to fill orders for a metallurgical coal price rise to $160 a metric tonne from less than $100 a few months ago.

“They’re actually soliciting for qualities available and having samples sent for testing,” Frank Kolojeski of New Jersey-based TransGlobal Ventures Corp told Reuters. “I understand there are people out looking for freight from the US to China. That’s a good indication,” he said.

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