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Tuesday, 05 December 17
THE COKING AND THERMAL COAL RECORDING SMALL GAINS - DANIEL HYNES
Coal ExcavatorCoal markets were higher, with both coking and thermal coal recording small gains, said Daniel Hynes Senior Commodity Strategist at ANZ in his latest note.

According to Daniel Hynes, European thermal coal markets were buoyed by reports of colder weather in the west. This spread to Asian markets, where demand from Japan and India has been strong.

He further noted, the coking coal prices continued to follow cues from the iron ore and steel market in China. However, traders remain worried about supply constraints in Australia.

Commenting on Iron ore, Daniel Hynes says, Iron ore prices surged higher, extending a rally that has seen it rise nearly 25% over the past month. Steel futures in Chine continue to push higher as inventories fall amid the production curbs in and around Beijing. However, restrictions on Chinese domestic supply also are having an impact. Environmental constraints have seen restrictions placed on the movement of iron ore by truck from domestic operations. This has pushed up demand for high grade iron ore from the seaborne market.


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Recent News

Tuesday, 05 December 17
OIL PRICES HAVE GAINED SOME TRACTION THESE PAST FEW DAYS ON TALKS OF ANOTHER OPEC & RUSSIA PRODUCTION CUT EXTENSION - GERRY LATHROP
Oil prices have gained some traction these past few days on talks of another OPEC (including non-OPEC Russia) production cut extension. The cu ...


Tuesday, 05 December 17
WEEKLY US COAL PRODUCTION ESTIMATES DIP WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.1 million short ton ...


Thursday, 30 November 17
CONTEMPLATING COAL'S CONTROVERSY AT COP23 - BENJAMIN SPORTON
Representing the coal industry at climate talks is never going to be an easy proposition. For many people, coal and climate action are incompatible ...


Wednesday, 29 November 17
THE LAST DAYS OF COAL? - ALIBRA SHIPPING
At least 15 countries have joined an international alliance to phase out coal use for power generation before 2030. Britain, Canada, Denmark, ...


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 ...


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