----- Original Message -----
Sent: Monday, February 09, 2004 8:35
PM
Subject: Re: [sharechat] Spare coal
anyone?
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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