Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year’s levels. This is due to the demand for power has been roaring back due to steady economic recovery.
The news release is quoted as saying:
Six analysts surveyed by Reuters expect term prices for thermal coal, used in power generation, to rise between 5 and 20 percent from this year’s levels, with consensus around 8 percent.
