(Bloomberg) -- National Australia Bank Ltd., the
nation's biggest lender, raised its forecasts for coal prices for
the 2008 Japanese financial year because of rising demand in
China and elsewhere in Asia and export bottlenecks in Australia.
Contract prices for thermal coal, used in power plants, may
rise to $61.20 a metric ton in the year starting April 1, 2008,
from $55.65 a ton this year, the Melbourne-based bank said today
in a report. Semi-soft coking coal contract prices may rise to
$65.80 a ton, while hard coking coal prices may rise to $105 a
ton, it said.
Read more at Bloomberg Energy News
nation's biggest lender, raised its forecasts for coal prices for
the 2008 Japanese financial year because of rising demand in
China and elsewhere in Asia and export bottlenecks in Australia.
Contract prices for thermal coal, used in power plants, may
rise to $61.20 a metric ton in the year starting April 1, 2008,
from $55.65 a ton this year, the Melbourne-based bank said today
in a report. Semi-soft coking coal contract prices may rise to
$65.80 a ton, while hard coking coal prices may rise to $105 a
ton, it said.
Read more at Bloomberg Energy News
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