The European Coal Outlook Conference at Nice in September was well-timed.
Against a background of record steam and met coal prices and historically high and sustained freight rates, delegates were keen to judge if the smart money would be on the bears or the bulls.Behind the scenes, as always, producers were talking up the market. Perhaps there was a split in the ranks of the buyers with some consumers doom-mongering and others confidently stating that prices were “through the worst.”...
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This complete item is approximately 450 words in length, and appeared in the September/October 2004 issue of CoalTrans International, on page 13.
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