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Commodities Briefing - Categorized | Energy, Price Watch more

Coal prices to slide in 2009

Posted on 28 November 2008

From Mineweb.com: Prices of thermal and coking coal will fall 20 and 26 percent respectively in 2009, a Reuters poll showed on Thursday, thinning miners’ profits as a slowing global economy chews into demand.

Prices of Asian thermal coal, mainly used to generate power, may fall to $100 a tonne in the 2009 Japanese fiscal year, down 20 percent from this year’s agreed price of $125, a median forecast of 10 analysts said….. Full Article: Source


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