Reportedly, China and India are expected to raise the imports of coal by 78% to 337 million tons in 2011; accordingly, the prices of coal may rise further in global market.
It’s said that China may buy 223 million tons of fuel for the power plants next year, compared to 143 million tons in 2010. Also, India may face a shortage of 104 million tons to march, 2012.
Besides, analysts indicated that demand for electricity in the two fast growing countries may need more fuels.
At the same time, it’s predicted that the thermal coke market will remain tight due to strong demand, especially from the key producing regions such as China, Indonesia and Australia.