Friday, December 18, 2009

Coal Import Demand to Rise

Coal Demand and Supply

For producers of seaborne thermal coal, it looks like there will be a strong demand while supply looks like it'll be challenged to keep up with it.

India itself is expected to import about 50 million metric tons of coal in 2009, with that increasing to 60 million metric tons in 2010. That's up from 28 percent from coal imports by India in 2008 (50 million metric tons).

This is just the tip of the iceberg for India coal imports though, as they could reach as high as 200 metric tons by 2014. This should put some upward pressure on coal prices as supply struggles to catch up.

Coal Demand and Supply

No comments: