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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

Contact info:
Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

June 30, 2010

Peabody, Coal Companies Slip on Slowing China Growth

June 29 (Bloomberg) -- Peabody Energy Corp., the largest U.S. coal mining company, led producers lower on concern that economic growth in China is slowing, damping demand for the power plant and steelmaking fuel.

Peabody dropped $2.57, or 6 percent, to $39.92 at 12:19 p.m. in New York Stock Exchange composite trading. Alpha Natural Resources Inc., the third-biggest U.S. coal company, lost $1.72, or 4.7 percent, to $34.72. Massey Energy Co., the sixth-largest U.S. coal producer, fell $1.51, or 5 percent, to $28.69.

The Conference Board’s April gauge for China’s economic outlook indicated a weaker expansion. The gauge of the economy’s outlook rose 0.3 percent, less than the 1.7 percent gain it reported June 15. Coal companies have targeted the country as a source of growth.

“I don’t know how much we can keep talking about the same thing as a problem, but it is,” said James Rollyson, an analyst at Raymond James & Associates Inc. in Houston.

Patriot Coal Corp., the fourth-largest eastern U.S. coal company, slipped 77 cents or 6 percent, to $12.20. Walter Energy Inc., a southern Appalachia coal company, declined $3.35, or 5 percent, to $64.19. Arch Coal Inc., the second-biggest U.S. coal company, tumbled $1.42, or 6.6 percent, to $20.18. Consol Energy Inc., the coal and natural gas producer, plummeted $1.56, or 4.3 percent, to $34.74.

The companies also fell four days after China’s Natioanl Development and Reform Commission, the country’s top economic planner, ordered coal producers in the country to keep prices of the fuel stable to stem inflation.

China, the world’s largest user of coal, increased imports of the fuel by 17 percent from a year earlier to 11 million metric tons, according to data released June 20 by the General Administration of Customs.

By Mario Parker

http://www.businessweek.com/

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