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Monday, 19 September 16
AFTER YEARS OF COMA, COAL BECOMES THE MOST ATTRACTIVE COMMODITY RIGHT NOW
Coal ExcavatorCOALspot.com: China boosted coal imports in recent months. The Chinese government’s drive to cut over capacity pushed up the demand for thermal coal particularly for Indonesian coal. Chinese coal importers were importing more coal from Indonesia and the inquiries for Q4 deliveries were seen in the market.

A coal miner in Indonesia who is familiar with coal exports to China and India says coal Inquiries from Chinese buyers were quite high compared from India. Several coal buyers from China were looking for coal for October loading and their bidding prices quite attractive compared to Indian buyer's bids.

The miner further noted that, 3800 NAR coal being offered at around US$ 34 - 35 per ton FOB vessel for October loading while 4700 NAR coal being quoted at around US$ 52 - 53 per ton FOB vessel for the same period.

Presently Inquiries from India were quite low, however, we expect India will be in the market soon, says the same miner.

Indonesian miners were not increasing coal output instead of coal price rallies since early April 2016. According to the miners, it is too early to review coal output from its original plan as coal prices were increasing because of Chinese government regulation on coal mines working days.

Indonesia's coal out in 2016 is expected to lower than last year's output while the domestic consumption has been increased compared to last year consumption.


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Recent News

Thursday, 29 September 16
FREIGHT RATES MIGHT CONTINUE TO SLIDE NEXT WEEK DUE TO HOLIDAYS IN CHINA
Supramax Flat start to week followed by a slight gain in rates for Supramaxes, says Fearnleys in its latest weekly report. According to Fear ...


Wednesday, 28 September 16
WITHOUT A DOUBT FREIGHT RATES HAVE MOVED UP A BIT TO HEALTHIER LEVELS - INTERMODAL
As we are approaching Q4, it is interesting to perform a review of the last nine months with respect to the second-hand prices of Supramax and Pana ...


Tuesday, 27 September 16
THE CAPESIZE RATE OF INCREASE HAS BEEN IMPRESSIVE, UP 39% W/W AND 123% MONTH TO DATE - ALLIED
The Dry bulk market has seen a rare shine in its performance as the capesize sector manages to rally at an unprecedented rate compared to its perfo ...


Monday, 26 September 16
COAL PRICES HAVE BEEN MOVING STEADILY HIGHER AFTER YEARS OF DECLINE
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...


Monday, 26 September 16
THE FREIGHT MARKET WAS FIRM; ALL SEGMENTS WERE UP THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week. The BD ...


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