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Thursday, 05 March 09
CHINA COAL-PRICES LITTLE CHANGED DESPITE PLUNGE ABROAD


China's spot coal prices were little changed from a week earlier, despite the sharp fall in the international market, and demand for coal remains sluggish. Prices of thermal coal in Newcastle, Australia, a benchmark for Asia, dropped to the lowest level in nearly 20 months, to below $65 per tonne, according to globalCOAL.

But the falling prices are unlikely to boost China's coal imports, as the domestic demand, as well as spot prices, remain weak, industry sources said.

"Power plants simply would not buy, no matter how cheap the coal is. Demand for electricity is still low," said a coal trader based in the southern province of Guangdong.

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Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
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Friday, 06 March 09
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Thursday, 05 March 09
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The National Ras al Khaimah, which is developing a coal mine in Indonesia, will build a coal-fired power plant in the emirate in the next two years ...


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The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...


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