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Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domestic consumption following an economic recovery.
Purchases rose 7 percent to 12.55 million metric tons last month from August and were more than triple what the country imported a year earlier, according to data from the customs office in Beijing today.
“The economy is improving, electricity demand is improving and so domestic demand for coal is bouncing back,” said Li Dagang, a coal analyst at Essence Securities Co. in Shanghai.
China’s demand for coal, used to generate 80 percent of the nation’s power, is rising amid government stimulus spending that drove third-quarter gross domestic product growth to its fastest pace in a year.
Net coal imports rose 7 percent to 10.53 million tons in September from a month earlier as exports reached 2.02 million tons, according to today’s data. Imports had declined in July from a month earlier after the country re-opened small mines to meet rising demand spurred by the economic recovery.
Net exports of diesel fell to 168,386 tons last month from 215,000 tons in August, according to the customs data. China has been a net exporter of diesel since December after a slower economy curbed consumption. Exports declined 26 percent to 293,759 tons from a month earlier while imports dropped 30 percent to 125,373 tons.
China’s gasoline exports fell to 505,505 tons from 518,538 tons in August. The nation didn’t import the motor fuel last month.
Record LNG
Liquefied natural gas imports climbed to a record 788,514 tons last month. Imports of the fuel, used mainly to generate electricity, more than doubled from a year earlier, today’s customs data showed.
China bought 495,243 tons of LNG from Australia, 126,679 tons from Indonesia, 104,396 tons from Malaysia and 62,197 tons from Nigeria. Imports had reached 668,232 tons in July, when demand rose during the summer consumption.
Crude oil imports fell to 17.2 million tons from August’s 18.47 million tons, confirming preliminary data released on Oct. 14. Net crude oil imports last month fell to 16.81 million tons, according to the data.
Source: Bloomberg
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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- Parliament of New Zealand
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