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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, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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