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Monday, 09 January 17
COAL MARKETS WERE UNEXPECTEDLY ONE OF THE STRONGEST PERFORMERS OF 2016 - SGX
SGX logoCOALspot.com: Coal markets were unexpectedly one of the strongest performers of 2016, with domestic production restrictions in China as well as supply constraints elsewhere leading to surging seaborne prices said SGX.

According to SGX thermal coal (Newcastle) ended the year up over 100%, while coking coal ended the year up almost 200%, in stark contrast to bearish expectations at the start of the year.

According to SGX, the results of SGX survey indicated mixed views on the outlook for Chinese coal imports in 2017, though with a slight majority of respondents expecting imports to either rise or remain broadly unchanged.

On the other hand, a clear majority anticipate a rise in Indian coal imports in 2017.

SGX further noted that, views remain mixed on whether LNG will be able to compete with thermal coal on cost in the next few years, with a slight majority saying yes (up from a slight minority to the same question a year ago). Separately, on the traditional quarterly term contract pricing mechanism in coking coal, usage of which has been on a steady decline, less than half of respondents were confident that the quarterly term contract will persist beyond 2017. 


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Recent News

Wednesday, 14 December 16
20/20 VISION! - JOHN N. COTZIAS
2020; A year that could be changing shipping. In early November, the International Maritime Organization (IMO) announced that it would set a 0.5% s ...


Tuesday, 13 December 16
THE FREIGHT MARKET MAY WELL BE SHOWING SIGNS OF HEADING FOR ITS DOWNWARD CORRECTIVE PHASE - ALLIED
2016 has been a tough market for dry bulkers and through these difficult earnings, we have seen some of the lowest prices being noted historically ...


Tuesday, 13 December 16
COAL DEMAND GROWTH TO STALL AS APPETITE WANES, ACCORDING TO IEA
Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according ...


Monday, 12 December 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.3 MMST, UP 7.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million short ton ...


Monday, 12 December 16
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this past week and ending on a negative note week ...


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