Bloomberg reported that Coal India (BSE:533278) is rumored to have dropped a large ten-year coal import deal.
Bloomberg reported that total coal imports to India were up approximately 7.6% in 2011 over the previous year.
Mineweb reported that India's coal imports have gone up significantly since last year.
Platts reported that slow demand from Chinese importers is causing Indonesian coal prices to fall.
Bloomberg reported that both China coal imports and coal prices are expected to rise over the next two years.
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 steel maker demand should prompt a 7% increase in coal imports to Italy.
Bloomberg reported that coal imports to India fells for the second month in a row.
Bloomberg reported that India's coal imports fell 8.3% month-to-month.
Platts reported that UK coal imports in the second quarter were up significantly over the same period last year.
Wednesday, February 1, 2012