NEW YORK ( TheStreet) -- At a recent Coaltrans Asia conference in Bali, large coal players revealed that with Japan's economy showing signs of recovery, coal prices may rebound in the second half of the year as producers are geared to scale up operations to cope with the surging demand.Meanwhile, Indonesian and Australian coal producers are ramping up operations to meet Asia's burgeoning coal demand for power, especially with several thermal power plants coming online in India. An industry expert said at the conference that Japan's thermal coal demand for 2011 has narrowed by only 10 million tons to 110 million tons, based on demand recovery from power plants that were not damaged.
9 Coal Stocks With Upside
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.