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Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS


Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal market, further heightening worries for softer import demand for the rest of Q4.

The international coal benchmarks tumbled amidst weak market fundamentals due to the current global supply glut. API2 and API4 shifted downward roughly $3 across the curve. Stocks at European ports and Richards Bay remain quite high, with little buying interest from consumers because the spot market European utilities have not sourced coal aggressively despite improved river water levels and higher clean dark spreads as coal and carbon prices have fallen recently.

Chinese and Indian demand remains lacklustre, giving little support for Richards Bay prices.
Source: Commodity Online



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Recent News

Wednesday, 26 October 11
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The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...


Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...


Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...


Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...


Monday, 24 October 11
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Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...


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