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Global oversupply to dominate thermal coal in short-term: Deutsche Bank

Posted on 05 March 2012

Global oversupply of thermal coal will continue to dominate the sector in the short term, despite net importers China and India remaining the main demand centers for the fossil fuel, a Deutsche Bank analyst said.
Speaking at the Coaltrans Coal Pricing and Trading conference in Geneva, Michael Hsueh, commodities analyst at Deutsche Bank said that on balance, “we think that global markets will either enter or maintain oversupply through the coming years and that affects our price outlook.”……………………………………….Full Article: Source


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