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Wednesday, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal ExcavatorCoal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strategist at ANZ, in his latest note.

According to Daniel Hynes the NDRC warned that coal prices remain high. The NDRC has been keen to keep coal prices from moving to higher and place pressure on the coal-fired power industry.

The China National Coal Association also said that most of the nine major coal producers recorded a loss or small profit in 2017.

He noted that, the Coking coal prices were stronger, led by further supply side issues. A bottleneck at the Dalrymple Bay coal terminal continues to reduce availability of cargoes in the physical market. With traders becoming increasing desperate.


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Recent News

Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...


Wednesday, 13 December 17
DEMAND FOR THERMAL COAL LOOKED RELATIVELY ROBUST - DANIEL HYNES
Coal prices were a touch higher. Demand for thermal coal looked relatively robust, after reports continued to surface that Chinese authorities have ...


Wednesday, 13 December 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
As another year is coming to an end and much has been already written about the positive reversal in the dry bulk market, we think it is interestin ...


Monday, 11 December 17
INDIA CONSUMERS ARE SAID TO BE DESPERATELY SEEKING CARGOES - DANIEL HYNES
Coal markets were stronger, as strong demand outside China continues to spur buying said Daniel Hynes, Senior Commodity Strategist at ANZ. Acc ...


Monday, 11 December 17
CAPESIZE FFA MARKET LOOKING PROMISING MOVING FORWARD - FIS
Capesize Another very promising day for the big ships as rates continued to firm in both oceans and the paper market ate into the backwardation s ...


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