Subscribe to RSS feedConsolidation in thermal coal trade slows growth
FOLLOWING a period of sustained expansion, global trade in thermal coal is expected to see slower growth. The trade “has entered a phase of consolidation”, said Wolfgang Ritschel, managing director of Verein der Kohlenimporteure, Germany’s coal importers’ association.
Dr Ritschel gave a bearish outlook on market prospects at last week’s London Coaltrans conference, citing weak economic growth in the Organisation for Economic Co-operation and Development (OECD) countries to support his view.
“More than 70% of thermal seaborne...
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