Coal term prices expected to rise in China 2010

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.

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