Coal Market Trends of 2010
Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China.
Articles Tagged "trend"
Alarm Bells Ring For Coal Imports
The figures are daunting. Coal demand in the international market has been waning. International coal prices have been lingering at a low track from March to May, and statistics from China's customs shows that China's import of coal in May reached 9.43 million tonnes surging by 133.1 per cent year-on-year, which is also the highest level ever. But there are rays of hope elsewhere. Western Australia's miners have recorded their fifth consecutive month of growth, and UAE's Coal & Oil Group is planning to invest around $300 million to buy new ships and to acquire coal mines.
Prices may improve in the final quarter of this year
The outlook for prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. For full story, click here
Qinhuangdao thermal coal price dip continues
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
Chinese thermal coal price may rise 5%
Major power generation groups in China still fail to clinch power coal supply contracts with coal enterprises due to huge difference on coal price. For full story, click here
Steel producers renegotiate prices with coal suppliers
Steel manufacturers, both in private and public sectors, have started renegotiating coking coal prices with overseas suppliers, mainly those in Australia, in view of present economic slowdown hitting the steel industry. For full story, click here
Qinhuangdao coal prices fall by 30% in a month
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
Coal India outperforms Sensex during economic turmoil
Solar Explosives’ recent contract with Coal India will boost its growth. The scrip has outperformed the Sensex during the economic turmoil over the past one year. For full story, click here
Qinhuangdao coal prices fall by 30% in a month
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 price returns to H1 level
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
