Thursday, July 3, 2025
Mining Frontier
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive
No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive
No Result
View All Result
Mining Frontier
No Result
View All Result
Home Europe

Thermal Coal Market rises as production cuts tackle glut

June 3, 2016
in Europe, News
Thermal Coal Market rises as production cuts tackle glut

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

European cargoes for nearby delivery to Amsterdam, Rotterdam or Antwerp (ARA) last closed at $52.31 a tonne, up around 3 percent in the past month, partly supported by oil.                                                                               

 

Benchmark crude oil has risen around 10 percent over the same period, boosted by supply disruptions.
European API2 coal futures traded down 20 cents at $49.50 a tonne, above the more than 12-year low of $36.30 hit in February.

 

“It’s probably related to oil a bit, the only change in the fundamentals is we’re seeing supply in China and Indonesia come off, so that has definitely given a boost to sentiment,” Capital Economics commodities economist Tom Pugh said.
Indonesia, the world’s top thermal coal exporter, expects its coal production to edge down in 2017, as smaller miners cut output due to a plunge in prices for the commodity.

 

On the demand side, analysts have scaled back their expectations on the import needs of the largest buyer China after its shipments fell around 30 percent in 2015 and have continued to decline this year.

China is working towards cutting coal-fired power generation in a bid to improve air quality and encourage the use of cleaner sources of electricity, including renewables and nuclear.

“The demand side is as dismal as always,” Pugh said.Meanwhile a sharp fall in gas prices has boosted its competitiveness in the fuel mix.Cheap gas is tempting out new importers in Africa and South America, helping stave off a deeper price rout hurting producers’ bottom lines.

 

“In most places in Europe and Asia coal is still probably cheaper (than alternative fuels) but not by nearly as much as it used to be,” Pugh said.“Once you start to factor in things like carbon taxes and government carbon policies then gas does start to look like a very attractive option compared to coal.”

Previous Post

S11D Project begun the functional test phase of stockyard machinery

Next Post

BHP Billiton funds carbon capture and storage research in China

Related Posts

US Eyes Rubaya Mine in Congo
News

US Eyes Rubaya Mine in Congo for Coltan Reserves

June 30, 2025
HD Hyundai Construction
News

HD Hyundai Construction Equipment Expands Mining Presence

June 27, 2025
South Africa Revives Mining Endeavors
News

To Keep Pace Globally, South Africa Revives Mining Endeavors

May 19, 2025
Mining Projects in America
News

Mining Projects in America Getting the Executive Order Push

May 19, 2025
Coal Exploration Programme
News

Coal Exploration Programme Gets a Go Ahead in Canada

May 19, 2025
Mining StartUps Looking for Better Europe Avenues
News

Mining StartUps Looking for Better Europe Avenues

May 19, 2025
Next Post
Goldcorp Inc Declares Second Quarter Dividend Payment for 2016

Goldcorp Inc Declares Second Quarter Dividend Payment for 2016

No Result
View All Result

Recent Posts

  • Automated Solutions in Mining Equipment Driving the Change
  • Absolute Visibility of Digital Transformation in Mining
  • 2025 Mining Equipment Trends – Carrying Legacy to Modernity
  • Ore Extraction Processes Getting AI-Powered Robot Support
  • A Deep Dive into Machinery Maintenance in Mining in Canada

System

  • Search
  • Sitemap
  • Feed

Resources

  • Contact US
  • Download Mediapack
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
  • Projects
  • Events & Conferences
  • Contact US
  • More

© 2019 Copyright Valuemediaservices All rights reserved.

No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive

© 2019 Copyright Valuemediaservices All rights reserved.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Notifications