coal prices are going back up

PRLog (Press Release) - Feb 29, 2012 -
Brisbane, Australia (February 16, 2012) – The coal prices are likely to continue their current trend of increase. coal market news has recently showed an increase in the consumption of coal around the world, which directly influences the prices of this specific hard fuel. The increase is unlikely to reach the levels it had almost four years ago, but it can certainly make the wallets of coal consumers thinner.

Coal, being a natural resource that is widely spread around the world yet not too easy to extract, never had a single fixed price. However, despite the usual ups and downs, the coal prices and the whole coal industry has never before experienced such rapid changes as it did in the last decade. Prices went up and down rather insignificantly until 2004, when the prices quickly rose. Once they reached their tripled previous price, the fluctuations stabilized. Then, the 2008 recession brought an all time high increase in the value and price of coal. The coal prices went back down in 2009 and since then they seem to be slowly but steadily increasing again.

All of these fluctuations, both in the present and the past, directly affected the coal consumer. With rising prices of hard fuel, all other resources gained from burning coal increased in price as well. Such a trend is visible looking at both older and more recent coal market news about the coal industry. Also, as according to coalportal®.com, with the recent developments in the worldwide coal market, the price might continue to fluctuate for a while. The regular consumer will just have to do what they always did and spend more on coal.