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Wednesday, 04 March 09
COAL: GLOBAL DEMAND WEAKENS


The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now suggests coal prices have begun to play catch-up, following trends in oil prices down by 14 percent week-on-week and 21 percent since the start of the year to US$65.32 per ton.

These time-lagged price movements should only be temporary and are caused mostly by the carried over impact of completed contracts.

The recent plunge in coal prices have been caused by the build-up of Australian metallurgical coal supplies, entering the global thermal coal market, hence intensifying competition further.

To read more click
The Jakarta Post  



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Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
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Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
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Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
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SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
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