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Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The latest statistics from the General Administration of Customs showed China’s coal import reached 9.43 million tons in May, more than double that in the same period of last year. China’s coal import and export amounted to 32.20 million and 10.53 million tons respectively in the January. Industry insiders predicted a net import of more than 30 million tons of coal for the whole year of 2009.
China imported 10.02 million tons of anthracite, one of the main types of coal imported by China, in the first four months of this year, up 19.5 percent year-on-year. The import of coking coal also surged to 6.27 million tons in the same period.
Coal demand of steelmakers and metallurgy enterprises was the main driving force behind the increase of coal import, some analysts said.
The deadlock between coal suppliers and power producers is also responsible for the rise of China’s coal import. Key power generators preferring to purchase overseas coal with a lower price drove up the coal import, according to the customs.
Source: China Trade Information (http://www.chinatradeinformation.net/china-trade-news/chinas-coal-imports-up-and-exports-down.html)
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Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
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- India Bulls Power Limited - India
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- The University of Queensland
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- Wilmar Investment Holdings
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- Economic Council, Georgia
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- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
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- Australian Coal Association
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