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Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
Indian, Chinese and European traders are all seeking Q1 South African cargoes.
A February loading South African cargo traded at USD 70.00 per tonne FOB Richards Bay on globalCOAL up 50 US cents from Thursday's levels. There has been a marked increase in buying interest from China and India for Q1 South African coal but no deals struck yet.
One European trader said that "There's definitely good interest from China which we've seen and the Indians are looking but not buying yet. Richards Bay is stronger and looks like it will go up further but there's nothing happening in Europe."
A February loading South African 75,000 tonne parcel traded at USD 70.00 per tonne FOB Richards Bay on globalCOAL. A March loading South African cargo traded at USD 71.00 per tonne on globalCOAL.
A March loading South African cargo traded at USD 71.00 per tonne via brokers and two further March cargoes traded bilaterally at USD 71.25 and USD 71.50 per tonne.
Source: Reuters / Steel Guru
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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
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