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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, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strateg ...


Wednesday, 22 November 17
CHINA CONSUMES MORE THAN TWO-THIRDS OF THE GLOBAL SEABORNE IRON ORE MARKET; PRODUCES AS MUCH STEEL AS THE REST OF THE WORLD COMBINED - CHRISTOPHER T. WHITTY
China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world com ...


Monday, 20 November 17
INDONESIAN COAL BENCHMARK PRICE SURGES 0.86% TO $94.80 A TON, GOVERNMENT DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 0.86% in November compared to declared price in October, the latest ministerial decree showed. ...


Friday, 17 November 17
U.S. PRODUCED 678.8 MMST OF COAL YEAR TO DATE; 9% UP Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.8 million short ton ...


Thursday, 16 November 17
PANAMAX ACTIVITIES HAVE SLOWED DOWN QUITE SUBSTANTIALLY THE LAST WEEK - FEARNLEYS
Supramax Another week with rates easing over all the Supra routes within Atlantic. Front hauls from USG got payed around 21-22k daily and ul ...


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