JPMorgan analyst John Bridges raised the 2009 price estimate

JPMorgan raised its forecast for internationally traded coal prices for 2009, citing infrastructure constraints on supply and the potential for higher demand from Brazil, Russia, India and China, and also changed ratings on two coal companies.

JPMorgan analyst John Bridges raised the 2009 price estimate for traded coal to $300/tonne from $240/tonne and for traded thermal coal to $150/tonne from $100/tonne.

Bridges cited lack of sufficient shipping capacity as one of the prime reasons for coal supply constraint, adding that installed coal industry infrastructure is likely to prove insufficient for the growing demands of the over 2 billion people of emerging countries like India and China.

source: Reuters 12 June 2008

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One Response

  1. Good information…

    Keep update…

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