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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (202)	6/12/2001 3:29:46 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Wednesday 6 June 7:29 PM INTERVIEW-Global coal groups wrest market control from Japan au.dailynews.yahoo.com By Michael Byrnes SYDNEY, June 6 (Reuters) - Global coal producers operating mainly from Australia had staged a stunning win over the past year to take control of the world coal market from Japan for the first time, industry analyst Gerard McCloskey said. This had occurred amid a sudden surge in prices which seemed set to continue for the foreseeable future, said McCloskey, chairman of The McCloskey Group and a convenor of the Coaltrans Asia 2001 conference here. I've never known (producers) to have the power. Because of consolidation of ownership they have control of the market now. It's difficult to see events which will take that power away from them," he said in an interview.