Another Lift for Coal

by Dave Forest
November 2, 2010

I've been talking a lot about India's drive for thermal coal.

Asian coal is a market that's getting tighter and tighter. And the space is getting an extra lift the last few weeks from soaring Chinese demand.

Take a look at the chart below on Chinese coal shipping. Imports have soared as China braces for unusual winter cold.

Coal is not going away as a power source, especially in emerging Asian economies. And the market is shaping up to be a very tight one.

Very good for any coal projects within the Asian shipping sphere. I'm keeping an eye out.

Here's to staying warm,

Dave Forest