The International energy Agency (IEA) explains, there is a strong growth in demand in Asian countries such as India, Vietnam and Indonesia, in the "electricity from coal, one preferred option for the improvement of the power generation is". Small importers such as Pakistan and Malaysia will encourage, challenge, promote the growth of Maritime trade, until the year 2021. Indian demand is set to rise 5 percent per year until 2021, while in the ASEAN-jump 7.2 percent per year.
"Coal is still the backbone of electricity generation worldwide, and still make 40 percent of the global electricity," said Benjamin Sporton, the CEO of the World Coal Association, a lobby group for the industry. "As the demand patterns shifted in developing countries in Asia, we will continue to see, in order to strength, also in the future."
In late trading the price of coal Rotterdam futures contract for March 2017 in the location, 80,75 dollars per ton. Commodity prices experienced a strengthening of 1.95 dollars, the equivalent of closing 2.47 percent compared to the previous trading position.
Tonight, the inflation will increase published data for November, AS specified. If it is implemented, strengthen the US dollar.
Analyst EQUITY WORLD estimates that the price of coal futures in Rotterdam on the next trade will be depressed potentially weaken the strengthening of the US dollar. The price of coal futures may test the Support level at the position 80,25 dollars and the second support at the level of 79,75 dollars. While the resistance to be tested, if the prices are on the rise, it is 81.25 dollars and 81,75 dollar is in the location.
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