There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
China will soon issue half of its 2009 coal export quotas as well as the third and final batch of 2008 quotas, several trade sources said. For full story, click here
China will soon issue half of its 2009 coal export quotas as well as the third and final batch of 2008 quotas, several trade sources said on Tuesday. For full story, click here
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