1.4 billion tonnes of coal need I say more? If so keep on reading.
by Dave ForestNovember 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