Indonesia’s Coal Game
Indonesia’s coal sector is dealing with a sluggish market and the roll out of unpopular new mining laws. But the outlook is still good for the world’s largest thermal coal exporter.
Indonesia’s coal sector is dealing with a sluggish market and the roll out of unpopular new mining laws. But the outlook is still good for the world’s largest thermal coal exporter.
With booming demand and a growing global community of market participants, coking coal swaps signal an evolution in the coal marketplace.
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Chinese coal imports continue to rise despite continued high metallurgical and thermal coal prices. High transport costs and low coal quality have lead China abroad to meet booming demand.
The recently passed Carbon Capture and Storage (CCS) technology bill in Germany is a small victory in the bigger battle to make ‘clean coal’ a reality.
The Toronto Star reports that the Industrial Product Price Index rose in December, led in part by coal price.
Bloomberg.com reports that coal prices have sent Peabody Energy's (NYSE:BTU) Q4 profits up significantly
Reuters.com reports that Riversdale Mining (ASX:RIV) is electing to negotiate longer-term coking and thermal coal pricing deals with its customers.
Bloomberg.com reports that Australian flooding has driven up coal prices to a 28-month high.
Bloomberg.com reports that Deutsche Bank is raising price forecasts for Coal and Iron as a result of floods in Australia.
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