mineral exploration project – commodity prices – mining stock- trade and market

Winter and snow that occurred in some parts of China affect the mining exploration activities in China, so that mining production decreased. Decrease in mining production from China to change the status of China became an importer exporter of mining raw materials. Closure of illegal mining affect the supply of coal in China, so China to import coal on a large scale. Search coal mines outside of China continue to be done to meet the supply of coal.

China started importing coal from a distant area and first purchase of coal from Colombia in January of this year. Analysts believe that China imports net 50mln tons of steam coal in 2009, greatly changed compared with the 70-80mln tons of net exports in 2005. At the same time, such as India gradually expand power generation, demand for steam coal imports will remain strong this year, therefore, the price increase will be more information. This week, influenced by increased demand and tight supply, steam coal spot price climbed to U.S. $ 105 per ton in the Australian market, high recorded since November of 2008.

Increased demand for coal and iron ore from China resulted in an increase in prices of coal and iron ore significantly.

Find More Other News : china coal import - china iron ore import - coal production - Iron Ore Production