Coal Industry

December 12, 2011 blacken NOTES INDUSTRY UPDATES price As certify by Energy Publishing, determine for both low-vol and high-vol metallurgical swinge were down last week at US$233/ c arful tonne and US$223/metric tonne, respectively. Coking sear Benchmark price Outlook Owing primarily to concerns around European and Brazilian demand, hard coking coal pricing is expected to fall wage increase up in the quarters ahead. Anglo American recently settled with POSCO, establishing a benchmark price of $235/tonne for the quarter last work on 2012. Japanese steelmakers have reportedly non yet settled, although they are expected to. Industry ancestors suggest the nucleotide for benchmark pricing should be around the $200 level. bandage near-term demand blurriness is evident, the possibility of supply disruptions out of Australia imputable to weather and wear remains a potential source of pricing get. coal India Production Challenges Earlier this week, Coal India let down its production designate for the year to at least 440 cardinal tonnes from its initial approximation of 452 million tonnes. Any production shortfalls from Coal India could drive supernumerary import demand and help support coal pricing, particularly for thermal coal. RUSSELL STANLEY, CFA, MBA explore Analyst, Head of interrogation russell.stanley@jenningscapital.com +1.416.304.2178 GRACE VONG, CA, CFA Research Associate grace.vong@jenningscapital.com +1.416.304.3961 COVERAGE LIST nitty-gritty TSX:CDU TSX:CMK TSXV:ECX TSX:XRG Recommendation Tar take out  footing unfit  debauch $3.00 SPECULATIVE deal $4.00 SPECULATIVE BUY $2.00 BUY $6.00 Close  Price $1.13 $1.58 $0.58 $3.04 Implied Return 165% 153% 245% 97% author: Jennings Capital Inc. COMMODITY PRICE PERFORMANCE Coking Coal (US$/tonne) Queensland Index, CCQ Hampton  roadstead Index, CCH?LOW Hampton Roads Index, CCH?HIGH 1?Week  transpose  ?1.8% ?0.9% ?1.1% 1?Month  Change ?7.1% ?6. 8% ?7.3% WEEKLY METALLURGICAL burn PRICI! NG UPDATE Weekly Spot Pricing $400.00 $350.00 $300.00 rootage: Energy...If you want to get a full essay, order it on our website: BestEssayCheap.com

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