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Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, China's largest coal port indicate that trade volume has only remained at a decent level in the supposedly high season therefore coal price may dip so tome point recently, but only by a small extent.
On one hand, water-generated power has gone up in China's southern area, and in addition coal imports from Vietnam and Indonesia have increased, exerting notable impact on coal supply demand in the China's eastern coastal areas. On the other hand, power plants have sufficient coal stock plus the relatively high price at present power plants have no reason to purchase coal.
On such basis, coal market has been flat as whole. But coal price is predicted to go down slightly because Shenhua Group will soon transport more coal to the port which will push up the port's coal stock and then cause pressure to coal price. As the summer season comes, thermal coal price is expected to be stable coupled with minor fluctuations but only minor.
Till June 9th in Datong area, Shanxi, the ex-mine price of thermal coal with 6,000 calorie had remained at about CNY 360 per tonne and that of high grade thermal coal with 5,500 calorie per kilogram CNY 310 per tonne.
Source:http://steelguru.com/news/index/2009/06/12/OTgxNjg%3D/Thermal_coal_price_remains_stable_in_Shanxi.html
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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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