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Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in the short term on rising demand, analysts said on Thursday.
Coal with calorific value of 5,800 kcal/kg (NAR) was quoted in the range of 600 to 610 yuan ($87.8 - $89.2) a tonne. Prices of coal with calorific value of 5,500 kcal/kg were trading at 555 to 570 yuan a tonne, according to the Qinhuangdao Seaborne Coal Market. (www.cqcoal.com)
"In the next month or two, thermal coal prices are likely to rise, because it's hard for supply to catch up with fast-growing demand," said Henry Liu, an analyst with Macquarie.
"In addition, there are still uncertainties around small mines -- some of them are back in production, but how much capacity has returned is unknown."
China's coal output in July surged 14.8 percent on the year to 257.8 million tonnes, the National Bureau of Statistics said.
Coal stockpiles in Qinhuangdao fell 4 percent from a week earlier to 4.9 million tonnes by Wednesday, analysts said.
Source: Alibaba
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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
* Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas c ...
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- Wood Mackenzie - Singapore
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