Developments from China are bullish, as noted by Melinda Moore and the energetic analysts at Credit Suisse. China 's National Development & Reform Commission has set 2011 state-owned-enterprise thermal contract tonnage allocations to power generators at an increase of only 6.5 percent from 722 million tonnes to 769 million tonnes. "This is relative to our 2011 domestic thermal consumption growth expectations of at least 8 percent YoY, meaning a greater percentage of total demand will be filled by domestic plus imported spot tonnes at prevailing market prices," Credit Suisse wrote. It also means less tonnage,will fall victim to Chinese government price cap controls than previously expected.
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