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Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal ExcavatorCoal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior Commodity Strategist at ANZ in his latest Linkedin posting.

He further noted that, however, reports of congestion at Australian ports, as well as concerns of mine closures in China also supported prices. Coal exports from Australia to key Asian customers hit record levels last week. Port data shows exports from the Gladstone port were up.

Iron ore prices surged higher as steel futures in China dragged the bulk commodity higher. Worsening weather conditions in northern China have resulted in more cities implementing steel mill closures. With steel output likely to fall, traders are now worried about the strain on already low inventories around the country. This pushed steel futures prices higher in both rebar and hot rolled coil markets.


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Recent News

Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...


Wednesday, 29 November 17
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
In line with most expectations for the end of this month, during the past days the Dry Bulk market realized a significant rebound that sent the BDI ...


Tuesday, 28 November 17
THE DRY BULK MARKET HAS SHOWN A REMARKABLE RECOVERY THIS YEAR - GEORGE LAZARIDIS
The Dry Bulk market has shown a remarkable recovery this year with the average earnings having increased by around 63% this year so far compared to ...


Friday, 24 November 17
U.S. PRODUCED 14.9 MMST FOR THE WEEK ENDING NOV 18; UP 0.9% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...


Thursday, 23 November 17
PANAMAX: ANOTHER SLOW AND UNEVENTFUL WEEK; DECREASING FREIGHT RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax A quiet start to the week. USG closed last week a bit tighter, and continued into the new week on a positive tone with little concluded, ...


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