bc future lv electricity gen dice, page-13

Mrs Peel, you need to read all the news to garner a full perspective as there has been a lot going on since some new data was released. This news of potential cutback comes at a time where coal imports are at record highs and prices are also on the rise.

It is not surprising to see certain Chinese interests playing down the newly released figures in attempt to slow price rises. While the coal price as been suppressed over the past few months, China has been buying hand over fist.

"On Thursday, state-run news agency Xinhua reported that the authorities have now set a target designed to curb the growing consumption of energy, and coal in particular.

But any efforts to cap consumption will run into stiff resistance from local governments, which fear restrictions on economic growth."

http://www.bbc.co.uk/news/world-asia-china-21271711

"China uses almost as much coal in a year as the rest of the world combined, says the U.S. Energy Information Administration."

http://www.upiasia.com/Top-News/2013/01/31/Chinas-coal-consumption-continues-to-soar/UPI-95651359665840/

"China’s January coal imports rose 56 percent from a year ago, according to data released by the Beijing-based General Administration of Customs. "

http://www.bloomberg.com/news/2013-02-08/china-january-coal-imports-rise-56-from-year-ago-customs-says.html"

"There’s just one catch: India is also growing rapidly and demanding ever more coal. By 2017, the IEA expects India to become the world’s second-largest coal consumer, surpassing the United States."

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/29/china-is-burning-nearly-as-much-coal-as-the-rest-of-the-world-combined/

"Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter, according to Ginga Petroleum Singapore Pte. "

http://www.bloomberg.com/news/2013-02-08/indonesian-power-station-coal-swaps-gain-china-contracts-rise.html