Thermal Coal
https://www.bloomberg.com/news/2011-04-21/thermal-coal-s-30-gain-to-outpace-oil-gas-on-japan-quake-energy-markets.html
excerpts...
"Thermal coal will average $132 a ton this year and $145 in2012 as demand from Japanese utilities for fuel with high-energycontent rises,
Daniel Brebner, an analyst for Deutsche Bank in
London, said in an April 8 report. Price estimates ranged from$118 to $150 a ton in the survey."
"Jakarta-based PT Bumi Resources, Asia’s biggest exporter ofpower-station coal, forecasts prices may rise to between $140and $150 a ton by December because of increased demand fromChina, India and Japan, Kenneth Farrell, a company director,said in Singapore this month."
'Japan, the world’s biggest importer of coal, is seekingalternatives to nuclear generation after the record 9.0-magnitude earthquake and subsequent tsunami shut 11 reactors.The country imported 115 million tons of thermal coal last yearand purchases may rise to 118 million next year when almost 9gigawatts of coal capacity is brought back on line followingdamaged by the temblor, Societe Generale said. The Paris-basedbank estimated Newcastle prices will average $128 this year.'
"Seaborne-coal demand is projected to exceed 1 billion tonsin 2011, with the Asia Pacific region “comprising the vastmajority” of growth, Peabody Energy Corp. (BTU), the largest U.S.coal producer, said Feb. 25."
I wonder how they will price Ulaan Ovoo Coal?