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Since this year, the international coal prices, foreign media and institutions, said the rally in good large mine enterprise performance at the same time, also will lead to capacity expansion, the coal price rise or confined in the future.
Coal prices fell by 30% last year, into the apparent rebound phase, rose more than 170% this year, making it become the best commodities in 2016. Goldman sachs and citigroup are referred to as "this year, one of the most popular commodities".
The price soaring, several miners face profit crisis last year to revive earnings this year. The industry's biggest producer of billions of dollars in profits, they include Anglo American, BHP billiton, etc.
British investment bank Liberum that glencore will still be a winner in this round of coal prices, because South Korea, China and Japan's utilities are hoarding winter coal through the next few months. Compared with January hit a record low share prices, glencore's current share price has risen more than three times.
As Asia's largest commodity trading companies to noble group, also benefit a lot. Noble 2015 deficit for the first time in nearly 20 years, the main reason lies in the coal prices, led to the credit rating downgrade. The mining assets held by the group's history is less, but announced in March, with Japan Shikoku Electric coal supply in Australia set up a joint venture.
However, for the market in foshan, the personage inside course of study to the rally can be sustained. Industry observers believe that coal prices soared won't last too long. The price of more than $200 a tonne provider has attracted increasing supply. Analyst at Morgan Stanley, said Tom price "in this price level, all can produce of businesses will full power, capacity expansion of coal is the result of the rising prices stop crazy even fell."
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