| 12.12.2008 - Fortis: Global steam coal price outlook gloomy for 2009 |
| From Snl.com: Global steam coal prices, which have tumbled sharply during the past six weeks, could recede further in 2009 if the gloomy economic picture stays in place, according to a new research report from Fortis SA/NV, the Brussels, Belgium-based financial services company. "There is plentiful evidence that global economic weakness has dented demand for coal," according to the December 2008 Fortis Energy Monthly. .... Full Article: Source |