High Coal Prices Keep Costs Manageable for Patriot Coal and Alpha Natural Resources
10 Januar 2012 - 2:20PM
Marketwired
Coal demand has remained strong in recent quarters as massive
capacity addition plans in both China and India drive the industry.
The latest findings from the International Energy Agency find that
coal demand in China alone will rise by 606 million tons of coal
equivalent (mtce) to 3,123 mtce by 2016. Five Star Equities
examines investing opportunities in the coal industry and provides
equity research on Patriot Coal Corporation (NYSE: PCX) and Alpha
Natural Resources, Inc. (NYSE: ANR). Access to the full company
reports can be found at:
www.fivestarequities.com/PCX www.fivestarequities.com/ANR
According to the latest research from PINC Research, coal demand
is expected to remain strong going forward, while prices will be
volatile in the short term, as supply responses are not in phase
with demand signals. Fuel, which accounts for 33% of the overall
cost of production, witnessed a significant increase in price last
year -- raising the breakeven price for producers. According to
PINC's research, if prices sustain above US$125-130/ ton there
could be significant supplies from USA and Canada.
Five Star Equities releases regular market updates on the coal
industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
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Research from the International Energy Agency (IEA) finds that
the development of mines and infrastructure in China will shape the
global coal market going forward. China is the largest coal
producer followed by USA and India. China produced 3.2bn tons in
2010 compared to 570mn tons of India.
The global coal market's dependence on China will remain high,
with China alone accounting for 60 percent of global demand growth,
the IEA said.
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