Forum Archive Index - February 2004

[Marilyn Munroe <who.c@res.co.nz>]

The huge rate of growth in China is creating a demand for steel.

This is having a knock on effect of creating increased demand for coking coal, 
a raw material in steel manufacture.

Coal producers from the land of underarm bowlers have won price increases when 
long term coal contracts came up for renewal recently.

Coal Corp the Kiwi producer would probably like to sell into this increase in 
demand and prices but is constained by capacity limits at the mines on the 
railways. The new coal loaders at Lyttelton, if working to design capacity, 
are the one bright spot in the capcity situation. Pity the harbour is not 
very deep.

Boop-boop-de-do Marilyn

PS. When dealing with arms length transactions such as selling boat loads of 
coal to an internet inquirer from a foreign country make sure you have a 
letter of credit from a reputable bank before you load so much as one sack of 
the product.

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