Post by Minutor on Apr 24, 2014 3:14:59 GMT -5
Looks like there is no respite from the current low thermal coal price of around $77 per tonne.
www.bloomberg.com/news/2014-04-22/coal-glut-foils-price-rally-with-miners-tied-to-exports-energy.html
Oversupply is being blamed with global supply 4% more than global demand.
Interesting comment on port and rail contracts!
Doesn't bode well for UK coal producers
www.bloomberg.com/news/2014-04-22/coal-glut-foils-price-rally-with-miners-tied-to-exports-energy.html
Oversupply is being blamed with global supply 4% more than global demand.
Interesting comment on port and rail contracts!
Doesn't bode well for UK coal producers