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Thursday, 07 September 17
TALK OF CONSTRAINTS ON CHINESE COAL OUTPUT PUSHED PRICES HIGHER - DANIEL HYNES
Coal & excavatorCommodity markets were largely higher as a weaker USD boosted investor appetite.

According to Daniel Hynes, Senior Commodity Strategist at ANZ, the energy sector was buoyed by rising demand and further supply-side constraints. The rhetoric around the North Korea crisis appeared to subside, resulting in buying of safe-haven assets such as gold to ease slightly.

Commenting on current coal price trend, Daniel Hynes, Senior Commodity Strategist at ANZ says, the coal prices remained well bid as a recovery in energy markets pushed prices slightly higher. Fears of further supply-side constraints in China also supported prices.

He further noted, the China’s State Council warned that the country shouldn’t blindly expand coal production amid high prices. It urged to eliminate outdated coal capacity and shut down coal mines that fail to meet safety requirements.


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Recent News

Tuesday, 03 October 17
RIO TINTO COMPLETES FIRST FULLY AUTONOMOUS RAIL JOURNEY IN WESTERN AUSTRALIA
Rio Tinto has successfully completed the first fully autonomous rail journey at its iron ore operations in the Pilbara region of Western Australia ...


Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week ...


Friday, 29 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FIFTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ...


Thursday, 28 September 17
SUPRAMAX: S.CHINA TRIP TO INDIA HAS BEEN FIXED AT AROUND US$ 11000 - FEARNLEYS
Supramax The hot market seen the last weeks in the Pacific has softened as the Golden week holiday in China approaches and the October shipments ...


Thursday, 28 September 17
THE 'UNREASONABLE' COST OF CASUALTY REPAIRS: ASSOCIATION OF AVERAGE ADJUSTERS CHAIRMAN DETAILS CLAIMS DILEMMAS
KNOWLEDGE TO ELEVATE The ‘unreasonable’ cost of casualty repairs: Association of Average Adjusters chairman details claims dilemma ...


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