Abstract
Since the commencement of 1988, the world coal market has witnessed a number of quite remarkable shifts and realignments that have ostensibly resulted from import demand surges, notably in Europe and the Pacific Rim but perhaps more significantly also from constraints on supply, most obviously in Australia but also seen elsewhere in the PRC, Colombia, Poland, and South Africa. Consequently, this has left the USA as the only remaining reliable surplus supplier of high volume quality steam and metallurgical coals to the world market. Importantly, it has to be recognised that these existing supply/demand factors will not disappear overnight. What has been a very strong buyers' market for coal throughout at least the last six years is now no longer the case. Coal purchasers around the globe have to be prepared for an extended and indeed a refreshing period of 'seller power' with scarcity of supply and higher coal prices forecast to extend well into next year and maybe even longer. The message for coal importers who have not yet woken up to the new order of things is very clear, 'today is possibly already too late to secure coal purchases for delivery in 1988 because many exporters report they
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Citation Formats
Moth, M, and Phillips, K.
Coal supply shortage - buyers beware.
United Kingdom: N. p.,
1988.
Web.
Moth, M, & Phillips, K.
Coal supply shortage - buyers beware.
United Kingdom.
Moth, M, and Phillips, K.
1988.
"Coal supply shortage - buyers beware."
United Kingdom.
@misc{etde_7058975,
title = {Coal supply shortage - buyers beware}
author = {Moth, M, and Phillips, K}
abstractNote = {Since the commencement of 1988, the world coal market has witnessed a number of quite remarkable shifts and realignments that have ostensibly resulted from import demand surges, notably in Europe and the Pacific Rim but perhaps more significantly also from constraints on supply, most obviously in Australia but also seen elsewhere in the PRC, Colombia, Poland, and South Africa. Consequently, this has left the USA as the only remaining reliable surplus supplier of high volume quality steam and metallurgical coals to the world market. Importantly, it has to be recognised that these existing supply/demand factors will not disappear overnight. What has been a very strong buyers' market for coal throughout at least the last six years is now no longer the case. Coal purchasers around the globe have to be prepared for an extended and indeed a refreshing period of 'seller power' with scarcity of supply and higher coal prices forecast to extend well into next year and maybe even longer. The message for coal importers who have not yet woken up to the new order of things is very clear, 'today is possibly already too late to secure coal purchases for delivery in 1988 because many exporters report they are sold out. But more important with tight supply expected to prevail, buyers should be securing their purchases now for 1989 imports requirements and delivery'. 2 figs.}
journal = []
volume = {8:8}
journal type = {AC}
place = {United Kingdom}
year = {1988}
month = {Aug}
}
title = {Coal supply shortage - buyers beware}
author = {Moth, M, and Phillips, K}
abstractNote = {Since the commencement of 1988, the world coal market has witnessed a number of quite remarkable shifts and realignments that have ostensibly resulted from import demand surges, notably in Europe and the Pacific Rim but perhaps more significantly also from constraints on supply, most obviously in Australia but also seen elsewhere in the PRC, Colombia, Poland, and South Africa. Consequently, this has left the USA as the only remaining reliable surplus supplier of high volume quality steam and metallurgical coals to the world market. Importantly, it has to be recognised that these existing supply/demand factors will not disappear overnight. What has been a very strong buyers' market for coal throughout at least the last six years is now no longer the case. Coal purchasers around the globe have to be prepared for an extended and indeed a refreshing period of 'seller power' with scarcity of supply and higher coal prices forecast to extend well into next year and maybe even longer. The message for coal importers who have not yet woken up to the new order of things is very clear, 'today is possibly already too late to secure coal purchases for delivery in 1988 because many exporters report they are sold out. But more important with tight supply expected to prevail, buyers should be securing their purchases now for 1989 imports requirements and delivery'. 2 figs.}
journal = []
volume = {8:8}
journal type = {AC}
place = {United Kingdom}
year = {1988}
month = {Aug}
}