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Monday, 09 January 17
COAL MARKETS WERE UNEXPECTEDLY ONE OF THE STRONGEST PERFORMERS OF 2016 - SGX
SGX logoCOALspot.com: Coal markets were unexpectedly one of the strongest performers of 2016, with domestic production restrictions in China as well as supply constraints elsewhere leading to surging seaborne prices said SGX.

According to SGX thermal coal (Newcastle) ended the year up over 100%, while coking coal ended the year up almost 200%, in stark contrast to bearish expectations at the start of the year.

According to SGX, the results of SGX survey indicated mixed views on the outlook for Chinese coal imports in 2017, though with a slight majority of respondents expecting imports to either rise or remain broadly unchanged.

On the other hand, a clear majority anticipate a rise in Indian coal imports in 2017.

SGX further noted that, views remain mixed on whether LNG will be able to compete with thermal coal on cost in the next few years, with a slight majority saying yes (up from a slight minority to the same question a year ago). Separately, on the traditional quarterly term contract pricing mechanism in coking coal, usage of which has been on a steady decline, less than half of respondents were confident that the quarterly term contract will persist beyond 2017. 


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Recent News

Friday, 30 December 16
US WEEKLY COAL PRODUCTION TOTALS 15.2 MMST, DOWN 3.1% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.2  million sho ...


Thursday, 29 December 16
CHINA AIMS TO CAP COAL-FIRED POWER CAPACITY AT 1,100 GIGAWATTS BY THE END OF 2020 - REUTERS
China aims to cap total primary energy consumption at around 4.4 billion tonnes of coal equivalent in 2017, the director of the National Energy Adm ...


Wednesday, 28 December 16
FINANCIAL MARKETS AND COMMODITY MARKETS HAVE ALREADY SHOWED CONSIDERABLE IMPROVEMENT AND RENEWED OPTIMISM - GEORGE LAZARIDIS
As 2016 nears to a close many will be breathing a heavy sigh of relief, having made it through one of the toughest years in this century and lookin ...


Wednesday, 28 December 16
BUMA SIGNED APPROXIMATELY US$ 493 MILLION WORTH OF MINING SERVICES CONTRACTS WITH PT ADARO INDONESIA AND PT ANGSANA JAYA ENERGY
COALspot.com: PT Delta Dunia Makmur Tbk. Has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA") has ...


Monday, 26 December 16
DO THE DERIVATIVES MARKETS MAKE COAL PRICES MORE VOLATILE? 59.21% SAY YES, POLL
COALspot.com: The substantial increase or decrease in coal prices within a short period of time has been supported by a number of fundamental drive ...


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