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Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coal supply still last, and the high coal price still continues rising. In the second quarter, due to the seasonal drop in demand, the price may fluctuate, but the price in the entire year still post the climb trend during the stability.
In 2010, two favorable aspects have the impact on coal market. One is that the global economy recovering trend is basically emerged, the global power and steel production started to slightly increase, with the economic rebound, the crude oil and coal demands will continuously jump. The other is that China's economy gets warmer, affected by the governmental positive finance policy and moderately loose currency policy, the
| “In 2010, the domestic coal production will come to around 3.3bln tons, China's coal demand still upswings” |
overall economy will pick up. The coal demand from power, steel, chemical, construction still rapidly increases, supporting the domestic coal demand to
hike.
In 2010, the overcapacity and pollution in coal industry will be important task of macroeconomic control.
In 2010, the domestic coal production will come to around 3.3bln tons, China's coal demand still upswings. From the current high international coal price and international energy demand situation, the coal import scale should be lower than 2009, the coal imports in the full year will remain around 100mln tons, the coal exports probably reach 25mln tons.
Source: Metalbiz / Hellenic Shipping News
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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- Electricity Authority, New Zealand
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