China's coastal coal freight rates are showing signs of stabilizing this week, after falling for three months amid lackluster shipping demand from utilities. As of June 18, the shipping rate for vessels of 50,000-60,000 dwt from ...
Tags: Fenwei Energy, Freight Rates
DTE Electric, Michigan's largest power utility with more than 2.1 million customers, plans to retire a third of its coal-fired generation, more than 2,000 MW, by 2025, and rely more on natural gas and renewables, mostly wind, the company ...
Tags: natural gas, renewables
China Shenhua Energy, the listed subsidiary of the Shenhua Group, produced 25.2 million mt of commercial coal in May, down 5.6% from a year ago but up 4.1% from April, the company said late Tuesday. The company's coal sales stood at ...
Tags: Commercial Coal, Coal Sales
The Asian seaborne cargo market for 5,500 kcal/kg NAR imported thermal coal was weaker Monday, with bids slipping to about $70/mt CFR South China amid talk Chinese coal producer Shenhua was on the verge of cutting prices. Buying interest ...
Tags: Shenhua Price, CFR China
US over-the-counter thermal coal prices closed mostly lower on Thursday, despite the sharp jump in the broader energy complex, led by a 5.6% increase in the front-month natural gas futures price to $4.762/MMBtu. "Coal is marching to its ...
Tags: coal prices, natural gas
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, demand has continued to improve in the global long steel products market, especially in the Americas and ...
Tags: Long Steel Markets, Healthy Demand
In the January-May period of the current year Ukraine's coal mining output increased by 1.2 percent year on year to 34.376 million mt, according to Ukraine's Ministry of Energy and Coal Industry. Meanwhile, in May alone Ukraine's coal ...
Tags: Coal Mining Output, coal mining
Monsoon rains limited Indian buying of Indonesian thermal coal, while lending restrictions muted demand from China, market sources said on Friday. An Indian end user said buyers had refrained from purchasing imported cargoes because of ...
Tags: Thermal Coal, Limited Demand
Illinois Basin market sentiment was mixed this week, as some participants said they see prices rising on heightened domestic demand, partly to rebuild stockpiles, while others took a persistently bearish view that increased production in ...
US coal stockpiles fell to 126 million st for the week ending Friday, down 32% from the five-year average, Bentek Energy said. Bentek, a unit of Platts, said lower coal production and higher coal consumption during the week meant US coal ...
Tags: Coal Stockpiles, natural gas
The British government is "very much looking forward" to Chinese Premier Li Keqiang's visit next week and hopes to deepen cooperation with China in the energy sector as well as on climate change, Britain's energy secretary said here on ...
Tags: energy sector, climate change
Despite its many advantages, natural gas is losing ground globally to its rivals while buyers and sellers struggle to agree on what constitutes a fair price, the International Energy Agency said in a report published Tuesday. In its ...
Tags: Natural Gas, Coal
The Association of American Railroads (AAR) reported Thursday that US Class I railroads originated 110,164 carloads of crude oil in the first quarter of 2014, 1.4 percent more than in the fourth quarter of 2013 and, by 1,559 carloads, the ...
Tags: Metallurgy, Mineral, Energy, Steel
May coal exports from Virginia's Hampton Roads region totaled roughly 3.6 million st, down 8.2% from April and down 17.5% from the year-ago month, the Virginia Maritime Association said Wednesday. Weak seaborne pricing for both ...
Tags: Chemicals, Coal, Metallurgy, Mineral
South African Richards Bay Coal Terminal's exports of coal in May rose 28% year on year to 5.58 million mt, which was 2.3% higher month on month, according to port operating data published Thursday. RBCT said the exports were shipped in ...
Tags: Coal, Metallurgy, Mineral, Energy