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Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS


Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.

Export prices at South Africa’s Richards Bay, site of the world’s largest coal export terminal, slid last week to the lowest since July 2007, McCloskey Group Ltd. figures show. Prices for the fuel shipped from the Australian port of Newcastle, a benchmark for Asia, are at the lowest since June, according to the globalCOAL NEWC Index.

“Demand is deteriorating more quickly than supply is being cut (though mine cuts may help limit the downside),” Judy H. Zhu, a Standard Chartered analyst in Shanghai, said in a report dated yesterday. “Increasing availability of exportable coal in the short term will also create downward pressure on prices.”

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Recent News

Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...


Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped. Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...


Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...


Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...


Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...


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