Tuesday, May 31, 2011

China Coal Prices

China Coal Prices: Coal prices continue rising further, with station coal prices at China’s Qinhuangdao port rose for a 7th wk to the highest in more than two years as the country battled with an electricity shortage, on back of a serious drought in China which has reduced the reliability of Hydro electric power. Potential benefiaciaries of higher coal prices are Straits Asia and Noble grp.

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