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Thursday, 07 September 17
TALK OF CONSTRAINTS ON CHINESE COAL OUTPUT PUSHED PRICES HIGHER - DANIEL HYNES
Coal & excavatorCommodity markets were largely higher as a weaker USD boosted investor appetite.

According to Daniel Hynes, Senior Commodity Strategist at ANZ, the energy sector was buoyed by rising demand and further supply-side constraints. The rhetoric around the North Korea crisis appeared to subside, resulting in buying of safe-haven assets such as gold to ease slightly.

Commenting on current coal price trend, Daniel Hynes, Senior Commodity Strategist at ANZ says, the coal prices remained well bid as a recovery in energy markets pushed prices slightly higher. Fears of further supply-side constraints in China also supported prices.

He further noted, the China’s State Council warned that the country shouldn’t blindly expand coal production amid high prices. It urged to eliminate outdated coal capacity and shut down coal mines that fail to meet safety requirements.


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Recent News

Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...


Monday, 11 September 17
A PUNCHY WEEK FOR THE BIG SHIPS AS THE RATE FOR WEST AUSTRALIA TO CHINA HIT $8.00 THE FIRST TIME IN NEARLY THREE YEARS - BALTIC EXCHANGE
Capesize A punchy week for the big ships as the rate for West Australia/China hit $8.00 the first time in nearly three years. A Jiangsu Steamship ...


Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed. The benchmark price of Indonesian th ...


Monday, 11 September 17
KOMIPO INVITED BIDS FOR TOTAL 6.235 MMT OF 5700 AND 5100 NAR COAL FOR 2017 TO 2022 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,590,000 Metric Tons of Bitumino ...


Monday, 11 September 17
THE FREIGHT MARKET ROSE WEEK OVER WEEK; BCI UP 22.22% & BPI UP 14.77%
COALspot.com: The freight market rose in all segments week over week. Mainly Cape and Panamax have supported to pushed up BDI this past week, BDI, ...


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