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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 It urged to eliminate outdated coal capacity and shut down coal mines that fail to meet safety requirements.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

Thursday, 14 September 17
THE FIRM COAL TRADE IS SUPPORTING SUPRAS; FIXING AROUND LOW $13000 WITH DELIVERY THAILAND - FEARNLEYS
Supramax This week has brought Supras firm rates and numerous orders. Scrap orders from Cont to Med still pay $11000 and Fertilizer from Baltic t ...


Thursday, 14 September 17
KOMIPO INVITED BIDS FOR 5700 NAR BITUMINOUS COAL FOR BORYEONG POWER PLANT; 390K MT FOR NOV LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 390,000 Metric Tons of Bituminous coal ...


Wednesday, 13 September 17
U.S. COAL EXPORTS FOR THE FIRST SIX MONTHS OF 2017 WERE 55% HIGHER COMPARED TO THE SAME PERIOD IN 2016 - EIA
COALspot.com: EIA expects the share of U.S. total utility-scale electricity generation from natural gas to fall from an average of 34% in 2016 to a ...


Wednesday, 13 September 17
SOME THOUGHTS ON NORTH KOREA, US & CHINA - THEODORE NTALAKOS
The trade volume between North Korea and China is more than $5 billion per year. 83% of North Korea's exports end up in China; similarly, about ...


Tuesday, 12 September 17
NEWCASTLE FOB PRICES ROSE STRONGLY AND ARE NOW THREATENING TO BREAK THROUGH US$100/T - DANIEL HYNES
COALspot.com: The rise in crude oil market supported further gains in thermal coal, says Daniel Hynes Senior Commodity Strategist at ANZ. Acco ...


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