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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

Monday, 06 November 17
MARINE BUNKER EXCHANGE EXPECTS BUNKER PRICES WILL CONTINUE UPWARD TREND NEXT WEEK
World fuel indexes rose during the week, supported by main oil producers’ statements about possible extension of oil production cut agreement ...


Monday, 06 November 17
THE FREIGHT MARKET WAS CONTINUED TO SOFTEN THIS PAST WEEK; BCI DOWN 184 POINT WEEK OVER WEEK
COALspot.com: The freight market was continued to soften this past week compared to the previous week, as BDI and all segments except Panamax index ...


Friday, 03 November 17
U.S. COAL PRODUCTION FELL WEEK-OVER-WEEK, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.5 million short ton ...


Wednesday, 01 November 17
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
As it was expected, the strong dry bulk freight market of the past couple of months has inspired similar activity in the second-hand market. Noneth ...


Tuesday, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally c ...


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