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Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year’s levels. This is due to the demand for power has been roaring back due to steady economic recovery.
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year’s levels. This is due to the demand for power has been roaring back due to steady economic recovery.
The news release is quoted as saying:
Six analysts surveyed by Reuters expect term prices for thermal coal, used in power generation, to rise between 5 and 20 percent from this year’s levels, with consensus around 8 percent.