今天煤炭上升的原因居然是。。。# Stock
T*C
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Today, coal stocks jumped following comments from Peabody Energy (BTU) CEO
Gregory Boyce claiming that demand in China has been on the upswing in
recent months.
“We project they will reach a record 285 million tons in 2012 as the
country increasingly looks to the seaborne coal markets,” Boyce said at an
investor conference, according to the Associated Press. “We expect global
metallurgical coal use to increase 25 percent by 2016, translating to an
additional 250 million tons of demand growth, with the bulk of increases led
by China and India.”
The global growth should offset a decline in coal use in the U.S. as some
power plants switch to natural gas, Boyce said.
Peabody jumped 5.5% on the news. Alpha Natural Resources (ANR) rose 6%, Arch
Coal (ACI) was up 8.7% and Patriot Coal (PCX) rose 18%.
Gregory Boyce claiming that demand in China has been on the upswing in
recent months.
“We project they will reach a record 285 million tons in 2012 as the
country increasingly looks to the seaborne coal markets,” Boyce said at an
investor conference, according to the Associated Press. “We expect global
metallurgical coal use to increase 25 percent by 2016, translating to an
additional 250 million tons of demand growth, with the bulk of increases led
by China and India.”
The global growth should offset a decline in coal use in the U.S. as some
power plants switch to natural gas, Boyce said.
Peabody jumped 5.5% on the news. Alpha Natural Resources (ANR) rose 6%, Arch
Coal (ACI) was up 8.7% and Patriot Coal (PCX) rose 18%.
