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 It urged to eliminate outdated coal capacity and shut down coal mines that fail to meet safety requirements.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

Wednesday, 23 August 17
THE STRONG IRON ORE TRADE ROUTES SUPPORT CAPESIZE SEGMENT - INTERMODAL
The upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high-q ...


Tuesday, 22 August 17
WHAT IS A RELEASE CALL?
KNOWLEDGE TO ELEVATE Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of ...


Tuesday, 22 August 17
THOSE DOG DAYS OF SUMMER STEEL PRODUCTION IN CHINA - COMMODORE
COALspot.com: One popular but inaccurate narrative that makes the rounds every June and July (and occurred again this year) is that China’s s ...


Monday, 21 August 17
BANPU REVEALS FIRST HALF 2017 WITH STRONG RESULTS; SUPPORTED BY HIGHER COAL PRICES
Banpu Reveals First Half 2017 with Strong Results from Higher Coal Prices Gearing Up to the Era of New Energy with Banpu Greener & Smarter Stra ...


Monday, 21 August 17
INDIA'S COAL IMPORTS DECLINE TO 192 MT IN FY17 - PTI
Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a r ...


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