Climate Change
Mutual discontent is a great place for Asia's coal sector: Russell
Asia's coal market isn't too happy about present market conditions, with miners, traders, carriers and end users all having numerous problems at today's yearly event of the sector. The export-focused miners from top carriers Indonesia and Australia may be content with the strong volumes they are attaining, however feel costs for seaborne grades are too low. The freight sector grumbles that shipping rates are too low, particularly provided what they see as a looming scarcity of vessels in coming years. Traders are worried margins are being compressed as they seek to keep volumes. And lastly, end users such as electrical...