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Wednesday, 01 October 14
ASIAN THERMAL COAL PRICES TO REMAIN WEAK ON OVERSUPPLY - FITCH

COALspot.com: The thermal coal market in Asia will remain oversupplied in the next 12 months, in spite of on-going rationalisation of production, according to Fitch Ratings' latest dashboard on the sector.

According to Fitch, the outlook for import demand in China - the world's largest importer - is weak, due to slowing industrial production, higher hydro-based generation, as well as on-going implementation of policies aimed at curtailing coal consumption.

A further reduction in China's coal production would be a key factor if domestic thermal coal prices are to improve. We believe further downside risks are limited while international prices will remain weak, as a significant share of production is making a loss, Fitch noted.

More details can be found in the agency's "APAC Thermal Coal Dashboard 2H14" available at www.fitchratings.com.

Fitch said, the publication explores other key themes affecting issuer credit profiles for the sector in the APAC region including, Chinese and Indonesian government measures to address production, liquidity of issuers and cost control measures.



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Recent News

Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for ...


Tuesday, 16 September 14
INDONESIAN COAL OUTPUT WON'T EXCEED 421M TONS: GOVT - JP
The government is optimistic that it will meet its coal production target for this year, which caps nationwide production at a flat number compared ...


Monday, 15 September 14
CHINA'S COAL PROPOSALS LEAVE SOME HOPE FOR EXPORTERS - DAILY NEWS
When the best thing you can say about new policies is that they aren’t as bad as they could have been, then you know your industry is in deep ...


Monday, 15 September 14
SUB-BIT FOB INDONESIA COAL SWAP, JANUARY 2015 DELIVERY GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.40 (+0.78%) day on day and US$ 0.55 (+1.08%) per mt week on week. The ...


Monday, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...


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