(Bloomberg) -- Asian contract prices for coal
burned in power stations may rise 5 percent in 2008 because of
increasing demand from China and export bottlenecks in Australia,
Daiwa Institute of Research Ltd. said.
Prices, excluding shipping costs, may climb to $58.40 a
metric ton in the year starting April 1, 2008, compared with a
previous forecast of $55.60 a ton, coal analyst Mark Pervan said
in a June 18 report. Daiwa expects 2009 prices to rise 10
percent after projecting no change in an April 12 estimate.
Read more at Bloomberg Energy News
burned in power stations may rise 5 percent in 2008 because of
increasing demand from China and export bottlenecks in Australia,
Daiwa Institute of Research Ltd. said.
Prices, excluding shipping costs, may climb to $58.40 a
metric ton in the year starting April 1, 2008, compared with a
previous forecast of $55.60 a ton, coal analyst Mark Pervan said
in a June 18 report. Daiwa expects 2009 prices to rise 10
percent after projecting no change in an April 12 estimate.
Read more at Bloomberg Energy News
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