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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

Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE   Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...


Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...


Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...


Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...


Monday, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...


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