Dateline City:
LONDON (April, 7 2016)
As coal prices near bottom, coal producers likely to face challenging market conditions for next few years, but some positive signs emerge for industry in long run
LONDON (April, 7 2016) – The steam-coal market is expected to remain challenging for the next few years, due to prices close to all-time lows, a massively oversupplied Chinese market, uncertain Indian market growth, and diminishing consumption across Europe, the United States and China, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
Nevertheless, signs are starting to emerge of a recovery in the market, and that supply and demand will rebalance later this decade, according to IHS Energy experts.
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