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Patriot, U.S. Coal Companies Rise as China Boosts Imports
Jun. 21, 2011 01:23PM PST
Industrial MetalsBloomberg reported that profits for US coal companies are up on increased imports into China.
Bloomberg reported that profits for US coal companies are up on increased imports into China.
The market news is quoted as saying:
China’s coal imports gained 22 percent in May from April to 13.6 million metric tons, a four-month high, according to data from the Beijing-based General Administration of Customs today. Separately, today’s gain halted a 9.8 percent drop this month through yesterday in the Stowe Global Coal Index.
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