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Wide bid-offer spread deters deals in India petroleum coke market

A wide bid-offer spread is deterring deals in the Indian market for imported fuel grade petroleum coke, sources said this week. A west India-based trader source said offers for US Gulf petcoke with 6%-7% sulfur were at about $80/mt CFR west coast India and at about $81/mt CFR east coast India on ...

Dry Bulk Shipping – The Commodity That’s Bucking The Trend

In a week where the ferrous markets have literally fallen out of bed, Dry Freight Bulk shipping, the main form of seaborne transportation has remained resilient. Generally this should be regarded as a bullish signal for freight, with period rates for the Capesize Cal 16 futures back up to the US ...

Dry bulk Atlantic: Panamax freight rates firm; Brazil soybean exports seen higher

With Brazil’s projected soybean exports for 2015-2016 revised up by the US Department of Agriculture (USDA), front-haul rates have firmed for July, sources said. Brazilian exports of soybeans and soybean meal for the 2015-2016 season are now projected at 65.55 million mt, 1.02 million mt higher ...

China June coal imports jump 16.5% on month to 16.6 million mt

China’s coal imports, including lignite, thermal and metallurgical coal, totaled 16.6 million mt in June, up 16.5% from May, according to preliminary data released Monday by the General Administration of Customs. “Coal trade data showed a positive reversal with imports picking up in June. They h ...

China commodity imports raise economic growth questions: Russell

China’s commodity imports for the first half of the year go some way to confirming what is already known about the state of the world’s second-biggest economy, and also offer some pointers for the rest of 2015. Although the dynamics vary across the major commodities, there are some clear trends ...

Dalian iron ore stabilises after rout, China imports rise

Iron ore futures in China ticked higher on Monday, stabilising after last week’s equities-driven rout that pulled prices to a record low. Aiding sentiment, China’s imports of the steelmaking raw material rose 6 percent in June from the previous month, reflecting efforts by big, low-cost miners f ...

Dry Freight: never a dull moment

Just as it seemed the summer was set fair for freight, the market demonstrated once again how quickly events can conspire to deliver the kind of volatility that makes for good trading but does nothing for the nerves. As it turned out the three major segments ended the week more positively than c ...

Australia greenlights China Shenhua coal mine on prime farmland

China Shenhua Energy Co Ltd has cleared the last regulatory hurdle to build a 10 million tonnes a year coal mine in farmland in eastern Australia, prompting the country’s farm minister to say it was a sign that “the world has gone mad”. Shenhua bought a licence to develop the A$1 billion ($745.9 ...

Chinese steel mills yet to hear of mandated cuts ahead of September parade

Steelmakers around Beijing have not yet been told to trim production and ensure blue skies ahead of September, when foreign leaders will be in town to attend events marking the end of World War II, industry sources said over the past week. Plant idlings, if any, are expected to take place on a s ...

Thermal coal imports up 23% in April-June at India’s state-run ports

India’s 12 major government-owned ports handled 24.08 million mt of imported thermal coal in the April-June period, up 22.73% from the same period a year ago, according to Indian Ports Association data released Tuesday. Coking coal imports in the first quarter of the current fiscal year 2015-16 ...