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Monday, 06 November 17
THE THERMAL COAL MARKET CAME UNDER SOME PRESSURE AS THE OUTLOOK FOR DEMAND WEAKENED - DANIEL HYNES
Coal ExcavatorCommodities were mixed as investors grappled with a revised tax plan in the US amid a rising USD said Daniel Hynes in his linked in post.

According to Daniel Hynes Senior Commodity Strategist at ANZ Industrials struggled to show any trend, while Precious remained under pressure. Bulks edged higher amid better sentiment. Energy was the best performer of the day as oil prices gained. Agriculture was weaker.

Commenting on coal, Senior Commodity Strategist at ANZ Daniel Hynes says, coal markets were mixed, with metallurgical coal rising with stronger iron ore markets. At the same time, the thermal coal market came under some pressure as the outlook for demand weakened.

He further noted that, an Indian coal-fired power plant was shut down after an explosion killed 29 people. Reports emerged that China aims to cap total coal consumption in Beijing, Tianjin and Hebei at about 300m tonnes a year by 2020.


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Recent News

Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...


Wednesday, 29 November 17
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
In line with most expectations for the end of this month, during the past days the Dry Bulk market realized a significant rebound that sent the BDI ...


Tuesday, 28 November 17
THE DRY BULK MARKET HAS SHOWN A REMARKABLE RECOVERY THIS YEAR - GEORGE LAZARIDIS
The Dry Bulk market has shown a remarkable recovery this year with the average earnings having increased by around 63% this year so far compared to ...


Friday, 24 November 17
U.S. PRODUCED 14.9 MMST FOR THE WEEK ENDING NOV 18; UP 0.9% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...


Thursday, 23 November 17
PANAMAX: ANOTHER SLOW AND UNEVENTFUL WEEK; DECREASING FREIGHT RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax A quiet start to the week. USG closed last week a bit tighter, and continued into the new week on a positive tone with little concluded, ...


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