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Wednesday, 08 November 17
COAL MARKETS WERE MIXED; COKING COAL EKING OUT SOME GAINS; THERMAL COAL STRUGGLING - DANIEL HYNES
Coal ExcavatorCoal markets were mixed, with coking coal eking out some gains, while thermal coal struggled amid the falling oil prices, ANZ Strategist said in a note.

According to Daniel Hynes, ANZ Senior Commodity Strategist, this was despite data showing coal consumption in China remained strong. The National Coal Association in China said that its coals consumption rose 4.5% in Jan-Sep. However this was against a rise in domestic production of 5.7% for the same period.

It also warned that as much as 400mt of new capacity could be added by 2020, resulting in the over-capacity issue persisting.

Daniel Hynes further noted that, Coking coal prices were supported by issues at Australian ports. Delays to exports could increase due to bottleneck issues at the Dalrymple Bay Coal Terminal (DBCT) in Queensland. This has resulted in loading times for ships increasing substantially in recent days.


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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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