It is declared that high grade mixed coal with 6,000 calorie per kilogram at Qinhuangdao port, China’s leading coal port, has dipped further by CNY 10 per tonne to CNY 600 per tonne to CNY 620 per tonne making the combined dipping range in the last month at about 3.1%. In the meantime, coal stock [...]
Reports reveal that Qinhuangdao port has finally witnessed surge in coal price this week after coal price at China’s Qinhuangdao port remained unchanged for seven straight weeks. For full story, click here
After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
China has discovered a new coal field containing more than 13 billion tonnes of proven coal reserves in the northwestern region of Xinjiang, the China News Service reported on Monday. The 1,400 square-kilometre Sha'erhu coal field, located in the county of Shanshan in eastern Xinjiang
Coal stocks have been hit hard in this recession, given slumping electricity demand in the U.S. and the sharp drop-off of steel demand. For shareholders of Patriot Coal Corp (PCX: NYSE), the pain has been particularly acute. The stock lost 96 per cent of its value since last June's record highs. This year alone, Patriot's stock is down 41 per cent versus a 1 per cent decline by the Dow Jones U.S. Coal Index.
Coal prices at Qinhuangdao Port, China’s largest coal trans-shipment port, continued to dip from February 16th to February 23rd due to growing stockpiles. For full story, click here
Qinhuangdao coal price has maintained weekly dip since 2008 with stocks upward, but it can’t hinder the advance of coal shares. For full story, click here
China’s coal prices at Qinhuangdao, a domestic benchmark, fell by 30% in a month because of weaker demand for the fuel. For full story, click here
China’s coal prices at Qinhuangdao, a domestic benchmark, fell by 30% in a month because of weaker demand for the fuel. For full story, click here
Qinhuangdao coal prices see a big dive for 3 weeks in a row, nearly down by CNY 100 per tonne on average each week. For full story, click here
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