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Friday, 23 October 15
WILL INDIAN DOMESTIC COAL PRICES BE ABLE TO COMPETE IMPORTED COAL PRICES IF THE CURRENT TREND CONTINUES?
Coal excavatorCOALspot.com: The Most of the Indian end-users are waiting for last minute purchase to enjoy every drop in price. Coal procurement managers are also encouraged this strategy to avoid  blames from Senior officers in case prices drop further after the conclusion of any deal, said a Thermal Coal Consultant  based out of Mumbai.

He further said that,  In addition, Indian as well as International traders are lining up in front of each end-users seeking an opportunity to supply their spot cargo. Such situation makes Coal procurement Manages more challenging and enjoying.

On commenting on pricing, the consultant noted that, on the pricing, recently a client has finalized at $32 on CFR  Paradip for a Geared Supramax 4200 GAR coal of Indonesian origin, delivery during Nov 2015.

On the RB1 coal, clients are getting offers below $55 CIF West Coast for a Cape vessel cargo delivery during Nov 15.   In addition to the already squeezed prices, now  clients are also demanding Disport quality final instead of load port final. The Indian buyers are also seeking a 90-180 days clean credit pressuring Traders to consider.

On the Domestic coal production, Coal India is producing at 9% higher and  are aiming to reach 1Bln Ton by 2020 as per Govt. plan.

“ A question comes to my mind whether domestic coal will be able to compete against imported coal if current trend continue?”, the consultant asked.

The East Coast based power plants find Indonesian coal still substantially cheaper compared to Domestic coal prices.   Similar case might be applied to West Coast Based Power Plants, he concluded. 


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Monday, 26 October 15
CFR SOUTH CHINA COAL SWAPS CLOSE DOWN 4.3% AS DEMAND CONCERNS WEIGH
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down just US$ 1.48 (3.02 %) per ton month over month. A commodity sw ...


Sunday, 25 October 15
ANOTHER DISAPPOINTING WEEK FOR PANAMAX; INDEX FELL 5.4 PERCENT W-W
COALspot.com: The BDI was slightly up by 2.65 pct closing at 774 points mainly because of Cape index which was up by 10.85 pct closing at 1461 poin ...


Sunday, 25 October 15
DRY BULK SHIP OWNERS ARE LOOKING TO CHINA'S POLICIES FOR CUES ON FUTURE MARKET DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China’s hard or softer landing is a thing which has troubled dry bulk shipping for a couple of years now, as owners have been hit by the coun ...


Friday, 23 October 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING OCTOBER 17 DECLINED FOR THE SECOND STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.6 million shor ...


Wednesday, 21 October 15
RUSSIA'S CARBO ONE COAL SALES TO HIT 50 MLN T/YR - JACQUELINE HOLMES
COALspot.com: Russia's Carbo One has become one of the world's leading physical coal traders with an annual volume approaching 50 million t ...


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