mines prices markets

Chinese demand growth for imported steam coal to moderate over 2012. Steam coal imports into China will moderate not because of a slowdown in actual coal utilization domestically, but because of key developments on the domestic supplies and internal transportation front leading to lesser requirement for imported coal. Domestic production growth is expected to remain robust catching up with demand while sizeable advances on the railing front are likely to alleviate some of the current problems in allocating coal to the South Eastern consuming regions.

Chinese demand dents local coal supply

According to Feagley, the Pennsylvania coal mining industry normally produces about 1.5 million to 1.7 million tons of coal annually, and this year, the industry expects to produce about 2 million tons. In the past, about 150,000 tons of coal were sent overseas, but in recent years as much as 400,000 tons has been produced for foreign buyers in a year. Read more..

China's coal supply, demand seen balanced in 2012

China's coal supply and demand are expected to be in balanced in 2012, although sporadic shortages may occur, the country's top policy maker, the National Development and Reform Commission, Read more..

CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012

In 2012, the Chinese domestic market appears to be well balanced, although and although we are not ruling out a complete alleviation of all the transportation bottlenecks; we do see a situation developing over the next two to three years where the 20 to 30% transportation cost premium attached to the final delivery of domestic coal is likely to fade away. Further on the demand side,...READ MORE