EU COAL/SOLID FUEL REPORT
September 1st, 2005
BY KEITH NUTHALLDESPITE the increase in global prices for coal since 2003, European Union (EU) coal producing countries still need to restructure their industries, a detailed European Commission survey has noted. Highlighting the increase in spot price for South African steam coal from US$36 in early 2003 to US$74 at the end of 2004, the report cited higher freight rates for Australian coal caused by rising demand in China and solid demand in Japan and South Korea, enabling "traditional suppliers" to the Atlantic market to raise their prices. However, the ...
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