(EnergyAsia, April 2, Wednesday) — Despite the recent downward correction, the price of coal for power generation and steel plants are still expected to soar in the long term, analysts have forecast.Merrill Lynch said coking coal for steel could hit US$300/tonne, up from just under U$98 last year, reflecting a 200% jump. Meanwhile, thermal coal…
MARKET: 200% price hike seen for coking coal
Posted on April 1, 2008 by EnergyAsia