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Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.91mln tons of coal, a reduction of 43.2% compared to 3.37mln tons in same period of 2008, but up by 54% month on month.
In June 2009, China's coal exports created the low point of 1.14mln tons, till now it successively climbed month on month for three months.
Analysts thought that the summer coal-using peak in Northern Hemisphere may be the main reason pushing up the coal exports, and the generally restoring global economy may also drive the coal demand.
However, coke demand continues sluggish, in January-August, coke exports were 320,000 tons accumulatively, among them, in August, the coke exports were 40,000 tons. General Administration of Customs analyzed that due to the influence of the international financial crisis, the world's steel demand remained weak, large-scale enterprises all over the world began to reduce production, and coke demand became shrink.
In addition, the major coke importer such as Brazil, India generally increased assorted production capacity, more tending to import coking coal and automatically smelting coke, and gradually reduced the dependence on China's coke.
Source: Alibaba
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Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- Salva Resources Pvt Ltd - India
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