- published: 24 Aug 2016
- views: 341
Price of Coal: the coal bulls are back but is the coal rally a flash-in-the-pan? interview with IEEFA director Tim Buckley on thermal coal (that's the electricity one, not metallurgical) the giant Adani project, falling consumption in China and India's ramp-up in renewables.
Platts assesses CIF ARA coal swaps, examines how Newcastle thermal coal inched closer to $70/mt and analyzes CCI 1 and CCI 8 with Chinese buyers getting more aggressive when it comes down to price negotiations.
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The physical Central Appalachian rail contact, like much of the US coal industry, is suffering from pressure by low natural gas prices and a warm winter. After a dramatic CSX contract price plunge in December, though, the number of physical trades in the first weeks of 2016 has increased -- but the question remains whether prices will remain low, as Jim Levesque explains.
In this last edition for the year, James O'Connell, Platts Asia editorial director, looks in detail at price movement at both the benchmark and lower calorific value level, the latest import stats for China and the outlook for the coming quarters.
Spot prices for 6,000 NAR grade Newcastle thermal coal are sitting at a decade low of about $50/mt FOB. High-ash 5,500 NAR prices are 35% below their four-year average. Is the worst over for the Newcastle thermal coal market? In this video, Platts senior editor for coal Michael Cooper looks at how Newcastle prices came to this bearish position, the bright spots for the market and the commodity price theory that might give a clue on where Newcastle thermal coal could be heading.
At the 2015 PDAC International Convention, Trade Show & Investors Exchange, Resource Investing News spoke with Jonny Sultoon, research director for global coal markets at Wood Mackenzie, about some of the key factors driving the coal market. Sultoon spoke about a range of topics, from demand from China and India to take-or-pay contracts in Australia and reports that Glencore (LSE:GLEN) will cut production in the face of oversupply. Overall, he stated that Wood Mackenzie sees coal demand falling in China this year on the back of environmental protection movements and protectionism regarding China's domestic coal industry. However, he also suggested that there could be more growth for the import market in India. Interestingly, he stated that innovations in carbon capture and sequestration ...
In this video, Gareth Carpenter, Platts managing editor for International Coal, analyzes the factors causing the heavy decline in Atlantic spot thermal coal prices, weak fundamentals, and the low demand from major European importers.
Premium hard coking coal prices delivered from Australia have surged 73% since the start of the year. The market is riding a rally not seen since the 2011 floods in Queensland, Australia. Associate editor Kenneth Foo examines how China's aim to cut coal capacity, logistical bottlenecks, and a supply tightness in Australia have lifted metallurgical coal to become amongst 2016’s best performing commodities-- after five years of drastic price drops. Find out more at: http://plts.co/Oeyq303IDww
The metallurgical coal market is enjoying a renaissance as prices rise to levels not seen since 2011, and it's giving other dry bulk commodities a boost. In this video, Platts associate editor for steel raw materials Kenneth Foo examines what's driving the met coal rally, and takes a look at how related markets have joined the price party. Read Kenneth's blog post for related information: http://plts.co/9q5N306pAK8
Cautious optimism prevailed at the recent Coaltrans Asia event in Indonesia as thermal coal prices have been on an uptrend for about six weeks. But how long can the optimism last? Deepak Kannan, S&P Global Platts editor for thermal coal in Asia, looks at what has been driving coal prices up and fueling optimism in the market, and explores a longer-term period by explaining the energy mix outlook at various Asia-Pacific countries. Is there a place for coal in a region where more and more countries are exploring the use of cleaner resources for power generation?
In this episode, James O'Connell, editor-in-chief of coal, outlines how the monsoon season has affected buying patterns, examines the drop in coal prices in both China and India over the past month, and highlights how it's looking to be a big year for indian steam coal imports.
Asian thermal coal prices have been on a downtrend since the start of 2015, mainly due to oversupply and weak demand. Associate editor Mia Corazon Aureus explains how suppliers are being battered by the Chinese yuan's devaluation, low appetite for imports in China and India, the new income tax imposed on Indonesian miners holding IUP licenses.
Platts international coal editor, Jacqueline Holman, assesses an interesting development in the seaborne thermal coal market: the unusual opening of an arbitrage for Colombian coal to India. She examines the combination factors behind this, including 6,000 NAR South African Richards Bay FOB spot prices of over $50/mt FOB due to a tighter market for higher quality coal and falling dry bulk freight rates. Finally, Jacqueline looks at the impact this emerging dynamic could have on the Atlantic and European markets.
News for Demand for coal rises Demand for coal rises BBC News - 7 hours ago Pressure to reduce carbon emissions has done little to stop the rise in demand for coal, particularly in growing economies like China and India. China Imported More Coal Than Any Country In History In 2012, As Projected Global Coal Demand Slows ThinkProgress - 12 hours ago Coal prices may lose steam after recent rise MarketWatch - 5 days ago India demand for coal to overtake Asian rivals | The Australian www.theaustralian.com.au/...demand-for-coal.../story-e6frg9df-122678444... 15 hours ago - DEMAND for coal will continue to increase during the next few years but ... with demand in Japan and Korea forecast to rise respectively by 1.3 ... demand for coal rises - YouTube www.youtube.com/watch?v=fQUnj3Qnao8&featur...
After a rough 2015 for the metallurgical coal market, when spot and quarterly term prices plunged 31% and 25% respectively, market players are now expecting drastic developments in 2016. In this video, Platts managing editor Edwin Yeo talks about the trends in prices, demand/supply, as well as import-export dynamics shared by various market participants during a recent industry-wide survey.