Business Services Industry
Bottlenecks add steam to coal price.
Australasian Business Intelligence, January, 2007
Byline: Stephen Wisenthal
Jan 17, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Analysts believe the price of thermal coal, used in power stations, will continue its recent rise. Spot prices increased from about $US41 a tonne in November 2006 to $US51 in January 2007. Goldman Sachs JBWere (GSJBW) predicts the price will be $US55 a tonne by April 2007. Strong demand from Asia, port delays in Australia and bad weather in Indonesia were cited as factors behind the increase. Australian-listed companies expected to benefit include Centennial Coal, Felix Resources and New Hope, controlled by Washington H Soul Pattinson. GSJBW also expected low-volatile pulverized coal injection (PCI) coal to rise, while coking coal, used by steelmakers, would...
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