Thermal coal

Rail, road and land capacity make Newcastle an attractive deep water trade hub

Craig Carmody, Chief Executive Officer, Port of Newcastle, writes:

“In 2020, Port of Newcastle’s deep water access and excellent connections to national road and rail networks continued to provide an attractive supply chain option for a range of trade types. Diversification continues to be a key goal for our region.

“The port’s break bulk and project cargo handling facilities were again in high demand, most notably to facilitate the delivery of new ferries and trains for New South Wales.

“May...

https://shippingaustralia.com.au/rail-road-and-land-capacity-make-newcastle-an-attractive-deep-water-trade-hub/

Coal outlook uncertain; seaborne trade patterns are changing

Pictured: coal burning; Credit Nikolay Kovalenko, Colin Viessmann and Unsplash

Thermal coal exports are under pressure, both from COVID and also from overseas governments looking to cleaner energy sources. Metallurgical coal is bucking the trend, according to the latest edition of the Resources and Energy Quarterly (published by the Office of the Chief Economist).

But first… steel

As every 1,000 kilograms of steel requires 800 kilograms of coal to make, according to the REQ, global steel...

https://shippingaustralia.com.au/coal-outlook-uncertain-seaborne-trade-patterns-are-changing/

Near term outlook for Australian iron ore exports improves

Pictured: iron ore embedded in rock is revealed with infrared vision in the Hammersley Iron Province, Western Australia; Credit USGS and Unsplash

Mineral markets have tightened over the last few months and the outlook for Australian iron ore exports has improved, reports the Office of the Chief Economist in the December edition of the “Resources and Energy Quarterly”.

A key indicator: steel

As every 1,000 kilograms of steel requires 1,400 kilograms of iron to make, global steel production and...

https://shippingaustralia.com.au/near-term-outlook-for-australian-iron-ore-exports-improves/

World’s Biggest Thermal Coal Exporter Revokes Rules As Buyers Divert

  • Indonesia revokes rules requiring domestic ships for some exports, as the government foresees that it would be disruptive for exports.
  • The rules require exporters of coal and palm oil to use domestic shipping companies for shipments.
  • Indonesian shipping companies do not have enough vessels to cater for Indonesia’s exports of the fuel. 
  • A number of coal buyers from Japan have diverted their purchases from Indonesia due to uncertainties over the implementation of the rules.

Indonesia’s...

http://mfame.guru/worlds-biggest-thermal-coal-exporter-revokes-rules-as-buyers-divert/

Chinese Seaborne Coal Deals Cancelled, Delayed Amid Import Curb

According to a recent Platts reports,Chinese buyers of seaborne thermal coal have been cancelling deals or trying to defer delivery cargoes to the end of December amid ongoing curbs on imported material.

No for restarting discussion

An international trader said a Chinese buyer walked away from a deal when the cargo was loading last week. As such, the trader had to resell the cargo, incurring a loss of about $1.75-$2.00/mt.

Chinese buyers do not want to restart discussions until the middle of next...

http://mfame.guru/chinese-seaborne-coal-deals-cancelled-delayed-amid-import-curb/

[Watch] November Outlook: Highlights in Asian Commodity Markets

Platts summarizes the price rebounds for Chinese thermal coal and petrochemical products.

Rebounds in Asian markets

The highlights in Asian commodity markets with Paul Bartholomew, S&P Global Platts Head of Metals News & Insight in Asia Pacific: application for China’s crude oil import allocations ends this week.

Rebounds are seen for prices of Chinese domestic thermal coal, petrochemical markets enter negotiations for 2020 term contracts, and steel market seeks clarity on China’s production cut...

http://mfame.guru/watch-november-outlook-highlights-in-asian-commodity-markets/

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