Heres the up to the minute positive news on Coal you are after jxkmarvin.
Not from a biased journalist or someone with a vested interest and not from Jim Cramer or US scare mongering but from actual Chinese customs data.
Demand for coal isn't going to decline in my lifetime and I believe it's just a matter of CPL management staying strong and cashed up until some sort of deal comes to fruition .....
Chinese customs data out on Friday show imports of coal amounted to 30.5 million tonnes in January, up 56.3% compared to 2012, already a record year.
Last year China imported 234.3 million tonnes of coal, which constituted a huge jump – 28.7% – over the year before.
China is also the number one producer of coal with domestic output pegged at 3.66 billion tonnes.
China now consumes almost as much coal as the rest of the world combined and coal consumption in the country shows no signs of slowing down.
The country’s Coal Importers Association, recently said China’s coal imports may reach 400 million – 500 million tonnes within three years.
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Heres the up to the minute positive news on Coal you are after...
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