Asia-Pacific benchmark Newcastle prices have fallen to five-month lows on relatively weak Chinese import demand and abundant supply, participants said on Thursday. Broker Global Coal’s benchmark Newcastle [Australia] index was assessed last at USD 106.68/t, down by 4% on the week and the lowest...
https://www.hellenicshippingnews.com/asia-pacific-coal-newcastle-prices-fall-to-5-month-low/
Combined coal inventories at northwest European dry bulk terminals have risen to their highest levels for more than three years, as disruptions to inland barge shipments persist. Stocks at four key Amsterdam, Rotterdam and Antwerp (ARA) terminals were assessed last at 6.3m tonnes, nearly 30% higher...
https://www.hellenicshippingnews.com/european-coal-terminal-stocks-swell-to-3-year-high/
Brazilian iron ore miner Vale said that it plans to use its cash flow cautiously going forward, devoting about 30 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) to regular dividends. Vale said in a securities filing that it plans to devote the remainder of...
https://www.hellenicshippingnews.com/vale-expects-to-devote-ebitda-to-dividends-acquisitions/
China’s steel demand will remain flat on year at 781 million mt in 2019 as the nation’s economy undergoes “rebalancing” and environmental regulations become more stringent, the World Steel Association said in a forecast. This compares with its full-year growth forecast of 6% for 2018. Chinese...
Australian iron ore miners have struggled to keep pace with Brazilian miner Vale, with BHP and Fortescue expected to follow in Rio Tinto’s footsteps by reporting softer exports of the steelmaking ingredient in recent months. Rio confirmed on Tuesday that maintenance disruptions and the death of an...
https://www.hellenicshippingnews.com/aussie-iron-miners-struggle-to-keep-pace-with-vale/
Mining giant BHP Wednesday posted a 10% year-on-year rise in iron ore production in the July-September quarter aided by improved rail and port operations, while a 3% slip from April-June was attributed to scheduled maintenance. The world’s third-largest iron ore producer, which operates mines in...
https://www.hellenicshippingnews.com/bhps-jul-sep-iron-ore-output-rises-10-on-year-to-61-mil-wmt/
BHP’s thermal coal production in the July-September quarter slipped 1% year on year and 26% from April-June to 6.64 million mt, but the miner maintained its production guidance for fiscal 2018-2019, the company said Wednesday. The output figure was also below analysts’ expectations. RBC Capital...
European coal front-quarter prices will likely average USD 110/t next year, up from the year-to-date 2018 average of USD 88.90/t, amid bullish technical and fundamental drivers, an analyst said. Technical signals indicated the front-quarter API 2 contract would trade within the USD 90-120/t range...
https://www.hellenicshippingnews.com/european-coal-prices-to-average-usd-110-in-2019-analyst/
Chinese coking coal futures climbed to their strongest in more than a year on Wednesday as Beijing’s flexible approach to industrial production curbs fueled demand with supply restrictions also supporting the steelmaking raw material. The rally in coking coal spread to iron ore, which rose to a...
Chicago soybean prices slid on Tuesday, taking a breather after three sessions of gains to an eight-week high as rains in parts of the U.S. Midwest slowed the pace of harvest and raised concerns over crop quality. Wheat rose to its highest in almost two weeks as prices were underpinned by...