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Thursday, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
CommodoreIt has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its latest e-mil note.

According to Jeffrey Landsberg, Managing Director of Commodore Research & Consultancy, Commodore Research views this is as a very logical decision where iron ore procurement and environmental regulations are concerned.  As discussed in Commodore Research & Consultancy's  Weekly Dry Bulk Report and Weekly China Report published at the start of this week, Commodore has remained of the view that Chinese iron import volume has been poised to stay strong even with the recently announced steel production cuts (that have been enacted due to environmental concerns).

It remains our view that the usage of domestic iron ore (which is of much lower quality than iron ore imports) has been set to come under pressure rather than the consumption of iron ore imports, says Commodore.

Commodorefurther noted that, securing high quality iron ore is now more important than ever in China, even with temporary steel production cuts looming, and Commodore Research has remained bullish for iron ore import volume prospects.

The decision by the central government to cancel a third of iron ore mining rights has strengthened our conviction even further, Commodore Research & Consultancy concluded.


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Recent News

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 ...


Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...


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