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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

Friday, 10 November 17
U.S. COAL OUTPUT FOR THE FIRST 10 MONTHS OF 2017 IS ESTIMATED AT AROUND 656 MMST; UP10% YOY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15 million short tons ...


Wednesday, 08 November 17
COAL MARKETS WERE MIXED; COKING COAL EKING OUT SOME GAINS; THERMAL COAL STRUGGLING - DANIEL HYNES
Coal markets were mixed, with coking coal eking out some gains, while thermal coal struggled amid the falling oil prices, ANZ Strategist said in a ...


Wednesday, 08 November 17
WEEKLY SHIPPING MARKET INSIGHT
If you are a dry bulk owner today you are definitely feeling the pressure of the past couple of years off and given the admittedly unexpected growt ...


Wednesday, 08 November 17
NEW QUAY OPENED AT THE INDUSTRIAL PORT IN BREMEN,GERMAN
Press Release: After a building period lasting three-and-a-half years, the port logistics firm Weserport, the “bremenports” comp ...


Tuesday, 07 November 17
ING JOINS FORCES ON BLOCKCHAIN-BASED PLATFORM FOR ENERGY COMMODITIES SECTOR
Blockchain technology. It’s often been described as the most important invention in computing in a generation. So it should come as no s ...


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