Subscribe to RSS feedSouth China thermal coal demand prods Pacific rates
by
Liz McCarthy, London
—
last modified
Dec 18, 2009 11:16 AM
RISING demand from south China for imported thermal coal boosted the Pacific supramax market last week, with rates set to rise further as the winter season continues.
As northern China consumes an increasing amount of domestically-produced or imported coal – used to generate heat and electricity – buyers in southern provinces left needing greater volumes themselves have started hiring supramaxes to ship the commodity in.
A lack...
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