Qinhuangdao Thermal Coal Expected to Decline Over Next Two Years

Industrial Metals

Bloomberg reported that thermal coal from China’s Qinhuangdao port should drop due to oversupply.

Bloomberg reported that thermal coal from China’s Qinhuangdao port should drop due to oversupply.

As quoted in the market news:

The decline will also occur as China’s 2012 coal production growth of 6.6 percent outpaces demand increases of 5 percent, the note shows. This continues in 2013 as consumption changes slow to a gain of 4.2 percent amid an output expansion of 6.1 percent.

Click here to read the full Bloomberg report.

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