Seeking Alpha

Coal stocks keep up their hypersensitivity to data on the direction of China's economy, falling...

Coal stocks keep up their hypersensitivity to data on the direction of China's economy, falling hard on today's weak PMI number. It's not without some merit though, given that China consumes a whopping 1.3B short tons a year of coal - 24% more than the U.S. manages to burn. Decliners: PCX -4.9%, CNX -3.9%, ANR -3.9%, BTU -3.2%.
From other sites
Comments (1)
  • Mark Anthony
    , contributor
    Comments (3601) | Send Message
     
    Who wrote that piece? China consumes 1.3B short tons of coal a year? Sorry that was 10 year old data. China produced 3.76B metric tons of coal in 2011 and imported another 0.1824B tons. The china coal demand is growing at 10+% yearly while further boost of domestic production is limited, requiring China to import ever larger amount of coal. Read here:
    http://seekingalpha.co...
    5 Apr 2012, 03:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector