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Macquarie:

China Commodity Call
Chinese coal infrastructure
 We look at whether plans for coal and power infrastructure can help tame
upward pressure on the marginal cost of Chinese coal in the medium term.
On a five-year view, additional railway capacity should reduce the coal
logistical bottleneck and bring down marginal production cost, but over the
next couple of years, there seems no way of avoiding shipping coal by truck.
As a result, domestic prices are set to be underpinned at $90/t plus through at
least 2011 and 2012.

UBS:现在我们认为4月欧洲央行有可能加息

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关键词：Macquarie 最新报告 UBS Mac logistical UBS Macquarie