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Dalian iron ore gains, more China arrivals may cap rise

Dalian iron ore futures jumped more than 1 percent on Monday, extending modest gains from last week as some Chinese mills continued to replenish stockpiles amid limited availability of some cargoes. But expectations of more cargoes arriving at Chinese ports this week and a weak steel market coul ...

Coal stocks at key Indian ports stable on week at 16.62 mil mt: Interocean

Coal stocks at 16 major Indian ports totaled 16.62 million mt as of May 22, up 0.2% week on week, according to Indian ship broker Interocean’s latest data released. The stockpiles comprised 13.16 million mt of thermal coal, up 1.3% from 12.99 million mt the previous week, and 3.45 million mt of ...

Dry bulk FFA market: Another week, just more hungover

Not much of a week that started a bit doubtfully and did not get much better, what with the FFABA Forum taking many European traders out of position and pulling the brokers with them for a night on the town in London. Cracks appeared in the capesize spot physical over the course of Monday which ...

India utilities’ April thermal coal imports rise 8% on year to 7.8 mil mt

Indian power utilities imported around 7.8 million mt of thermal coal in April, the first month of fiscal 2015-16, up 8% year on year, according to latest data from the Central Electricity Authority (CEA) seen by Platts. Of the total, 4.3 million mt of coal were imported by 37 utilities for blen ...

THERMAL COAL-South African cargoes hold premium as power shortage bites

South African physical coal cargoes maintained a premium over Australian and European prices as rolling power black-outs due to a severe shortage in electricity generation threatened coal mining and ship loading capacity. South Africa’s national utility Eskom – struggling with a serious liquidit ...

Russian steelmakers risk losing export markets to Chinese rivals

Russian steelmakers are stepping up exports to compensate for a fall in a domestic demand, but with European and U.S. protectionism fuelling market competition, analysts say they risk losing sales to Chinese rivals. Exports have become increasingly lucrative for Russian steel producers such as N ...

Coal India to invest $25 bn in 5 yrs to make India self-sufficient: Piyush Goyal

Coal India Ltd would invest at least $20-25 billion in the next five years to ramp up production and strive to make India self-sufficient in thermal coal in the next two and half years, energy minister Piyush Goyal said. The company will develop 75-100 new mines, upgrade technology and infuse eq ...

Australia bumps up China iron-ore exports despite weak prices

Despite the significant fall in iron-ore prices and the continued insistence of an oversupply in the market, Australia’s iron-ore exports to China increased by 18% during the first quarter of 2015, compared with the previous corresponding period. The Department of Industry and Science revealed i ...

Ship launches still outpace scrapping, despite bulker orders crash

Shipping sector sources have been trying to drum up optimism this month over the impact that the rise in dry ship demolitions and decline in new orders since January could have on the persistently bearish dry freight market. But with bulker demolitions still outnumbered by new ship deliveries, a ...

Vietnam’s April coal imports up 90% on year to 362,861 mt; exports down

Vietnam imported 362,861 mt of coal in April, up 89.9% from the same month last year but down 8% from March, according to the latest customs data. Imports in April were worth $29.8 million, up 15% year on year but down 16.5% from March. The main suppliers in the month were Indonesia with 211,425 ...