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Peabody sees patchy H2 rebound in coking coal demand

Mon Jun 1, 2009 4:27am EDT

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NUSA DUA, Indonesia, June 1 (Reuters) - U.S. coal miner Peabody Energy (BTU.N) expects a patchy recovery in demand for coking coal in the second half of 2009, mostly led by Asia, president director Richard Navarre told Reuters on Monday.

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But Navarre also said on the sidelines of the Coaltrans conference in Bali that he did not see a significant price catalyst for coking coal in the second half and that current thermal coal prices reflected fundamentals. (Reporting by Fayen Wong; Writing by Ed Davies)

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