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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

Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 570 ...


Thursday, 16 November 17
THE PORT OF NEWCASTLE HAS SHIPPED 14.94 PERCENT LESS COAL IN OCTOBER 2017, DATA SHOWS
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,466.8 ...


Thursday, 16 November 17
GOVERNMENT, 13 COAL MINERS AGREE TO CHANGE CONTRACTS - JP
The government and 13 coal mining companies have agreed to change the old Contract of Work (CoW), as part of the implementation of Law No. 4/20199 ...


Wednesday, 15 November 17
IEA RECOGNISES COAL'S CONTINUOUS IMPORTANCE TO GLOBAL ENERGY NEEDS - WCA
The World Coal Association (WCA) has welcomed the International Energy Agency’s (IEA) recognition that coal will continue to play a vital rol ...


Wednesday, 15 November 17
THERMAL COAL WAS DRAGGED DOWN BY THE WEAKNESS ACROSS THE WIDER ENERGY SECTOR - DANIEL HYNES
The coal market was mixed. Thermal coal was dragged down by the weakness across the wider energy sector, said Daniel Hynes Senior Commodi ...


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