Coal Prices And Iron Ore Prices Rose Significantly

Winter and snow in some parts of China affect the mining exploration activities in China, so that mining production declined. Decrease in mining production from China to change the status of a Chinese importer exporter of mining raw materials. Closure of illegal mines affect coal supply in China, so China's imports of coal on a large scale. Look for coal mine outside of China continue to be done to meet the supply of coal.

China started importing coal from a distant region and the first purchase of coal from Colombia in January this year. Analysts believe that China net imports of steam coal 50mln tons in 2009, greatly changed compared with the 70-80mln tons of net exports in 2005. At the same time, such as the Indian power generation gradually developed, imports of steam coal demand 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, the high recorded since November 2008.

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