Around a quarter of Australian metallurgical coal is sold on a spot basis following a significant increase in production and the fact that the primary buyer, China, prefers short-term pricing, an analysis of Platts data and a survey of ...
Tags: Coal Market, Spot Pricing
Railcar manufacturer FreightCar America estimates there were 16,500 coal cars in storage at the end of 2013, the lowest level since early 2012, the company said Wednesday. Reporting its quarterly earnings, the Chicago-based company said ...
Tags: Railcar, Coal Car Storage
China's drive to transform its economy, which includes reducing the role of energy-intensive industries and paring steel capacity, is driving up coal inventories at key ports as demand across a variety of sectors weakens. Inventories at ...
US over-the-counter thermal coal prices closed little changed on Tuesday, with only a handful of trades seen across the Central Appalachian and Powder River Basin 8,800-Btu/lb coal markets. In the East, CAPP rail (CSX) coal prices edged 5 ...
Tags: Thermal Coal, Low-Volume Session
Not many thermal coal buyers are looking to conclude deals for imported material this week with Chinese Lunar New Year holidays approaching, sources said Monday. "The delivery window before the Lunar New Year is closed," a source at a ...
Tags: Thermal Coal, Imported Material
China's coal output and sales for the past 10 months are stabilizing, with the price of coal rising, according to the China National Coal Association (CNCA). National coal production slipped 0.3 percent year-on-year for the past 10 ...
Tags: Coal, Metallurgy, Mineral, Energy
A spike in the front-quarter CIF ARA c had eastern US coal export executives guessing Wednesday how much the out-of-the-money range for Central Appalachian thermal coal prices had narrowed. Platts assessed Wednesday the API2 Q1 2014 ...
Tags: East Coast Coal, Coal
A small upturn in prices for sub-5,000 kcal/kg NAR Chinese thermal coal on perceived stirrings of restocking activity for the upcoming northern hemisphere winter and some market tightness was seized on by traders Friday. South China ...
Tags: Coal, Metallurgy, Mineral, Energy
China's appetite for coal, once seemingly unlimited, is starting to wane, and the effects are rippling far from the Middle Kingdom. With the world's second-largest economy, China in recent years has been driving demand for all sorts of ...
Tags: Coal, Metallurgy, Mineral, Energy
Eastern US miner James River Coal has cut about half of its annual Central Appalachian coal production "in response to continued weak coal markets," the company said Monday night after the close of markets. The cutbacks amount to about ...
Tags: Coal, Metallurgy, Mineral, Energy
Australian coking coal producer Beacon Hill Resources has announced its interim results for the first half ended on June 30 of the current year. Accordingly, Beacon Hill has posted a net loss of $7.6 million for the first half, compared ...
Tags: Metallurgy, Mineral, Energy
Central Appalachian thermal coal prices fell for a fourth consecutive session on Wednesday, pushing front-year calendar prices to multi-year lows. Both the CAPP barge physical and rail (CSX) swap contracts traded lower in a mid-afternoon ...
Tags: Chemicals
The Illinois Basin steam coal market continues to face domestic and international headwinds, as weak overseas prices and domestic electricity demand keep a cap on prices, sources said Friday. "The export market is really dropping off," ...
Tags: Coal, Metallurgy, Mineral, Energy
As coal prices remain lackluster due to sluggish demand, Shanxi took measures to stabilize the local coal market and ease the mounting pressure that coal producers in the province have been feeling since January. The Shanxi provincial ...
Tags: Local Coal Market, sluggish demand
China's thermal coal imports in June fell 24% on the month to 9.75 million mt, the country's lowest monthly intake since February when imports were severely impacted by the Lunar New Year holiday, according to China customs data released ...
Tags: Thermal Coal, Chemicals