Thermal Coal Prices Fall as Chinese Demand Softens
Falling Chinese thermal coal demand in the short-term is falling due to adequate stockpiles. However, the long-term trend is likely to be a growing reliance on foreign sources for Chinese consumers.
Falling Chinese thermal coal demand in the short-term is falling due to adequate stockpiles. However, the long-term trend is likely to be a growing reliance on foreign sources for Chinese consumers.
Reuters reported that Bumi Plc (LSE:BUMI) expects to increase coal production while trimming debt.
Bloomberg.com reports that Bumi Plc 's move to London will facilitate getting necessary financing to alleviate debt costs and to increase output.
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