Prices of thermal coal backed by declines in US and Chinese production
Prices of thermal coal backed by declines in US and Chinese production
Prices of thermal coal backed by declines in US and Chinese production
Coal prices have been rising since the beginning of the year as a result of capacity reductions in China and the United States, the world's top two producers
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| Future coal prices in Rotterdam in dollars per tonne - Commerzbank, ICE
Do not bury the coal! It is one of the commodities whose prices have increased the most since the beginning of the year. In Newcastle, Australian thermal coal prices increased by 35% between mid-June and mid-August, reaching 70 euros per tonne. According to Intercontinental Exchange (ICE), at the terminal in Rotterdam (the Netherlands), coal is exchanged 33% more than in February
"The huge drop" of Chinese production explains notably this sudden rise in prices, underlines Commerzbank. In the first half of the year, production fell by 10% compared to the first half of 2015. "Prices were stimulated not only because China's mines account for almost half of the world's coal production, The country, as an importer, plays a dominant role in the coal trade by sea
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MOHAMED NAJIB SAAAD
A Moroccan blogger from the outskirts of Ouarzazate, a lover of photography and everything related to informatics...
