The Adaro Blog

THERMAL COAL-Market rises as production cuts tackle glut
June 3, 2016, 12:11 pm
European thermal coal prices rose this week, boosted by cuts to production shrinking the supply overhang, while higher oil prices were also supportive. 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...
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Coal producers to raise prices of water-transported products
June 1, 2016, 12:13 pm
Four major coal companies are to raise the price of their coal ready for shipment at ports by 10 yuan ($1.5) per ton during June. Shenhua Group Corp, China Coal Energy Group Co Ltd, Datong Coal Mine Group and Inner Mongolia Yitai Group Co Ltd revealed the move on Friday. According to a report...
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Indonesia says coal output will fall next year
May 31, 2016, 12:14 pm
http://www.miningweekly.com/article/indonesia-says-coal-output-will-fall-next-year-2016-05-30 Indonesia expects its coal production to edge down in 2017, as smaller miners cut output due to lower prices for the commodity, a government official said on Monday. “It’s natural selection....
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China’s Coal Price Climbs to Eight-Month High Amid Supply Cut
May 30, 2016, 12:15 pm
China’s benchmark coal prices climbed to the highest since September as government steps to curb supply amid a glut started to take effect. Spot coal with an energy value of 5,500 kilocalories per kilogram at the port of Qinhuangdao, China’s benchmark grade, rose 10 yuan to an...
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Global hard coking coal prices to rise, sharper adjustment in Q3: Wood Mac
May 29, 2016, 12:31 pm
Barcelona (Platts)–26 Apr 2016 702 am EDT/1102 GMT Global coking coal prices are expected to rise over the next few years at a more stable rate following a possible sharper price increase in third-quarter 2016 contracts, consultants Wood Mackenzie said Tuesday. With spot prices now...
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Why coal is a bad bet for Indonesia’s future
May 27, 2016, 12:17 pm
http://www.thejakartapost.com/academia/2016/05/26/why-coal-is-a-bad-bet-for-indonesias-future.html This month, across the world, people are standing up for a future without fossil fuels. The Break Free movement envisages a world powered not with the dirty energies of coal and oil, but with...
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China’s Coal Prices to Rise 20% Amid Production Cuts, Citi Says
May 25, 2016, 12:18 pm
China’s coal price may rise 20 percent by the end of this year as government steps to reduce production outpace a decline in demand, according to Citigroup Inc. Power-station coal at the northeastern port city of Qinhuangdao may rise to 450 yuan ($69) a metric ton by December from 376 yuan...
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Japan, Germany Lead G7 as Sources of Coal Financing, Study Says
May 24, 2016, 12:20 pm
Japan was the leading source of coal financing among Group of Seven nations in the nine years ended in 2015, accounting for more than half of all support from governments or quasi-government bodies, according to a study by environmental groups seeking a ban on the funding of coal-power...
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Analysis: Surge in semi-soft coal volumes pressure Asian coal prices, threatens rally
May 23, 2016, 12:21 pm
Singapore (Platts)–16 May 2016 419 am EDT/819 GMT The recent strength in steel prices, relative to power generation, has prompted coal producers to focus on producing semi-soft coal from thermal coal, which could cause an oversupply putting pressure on prices going forward, analysts...
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China seeks coal production capacity cuts by state-owned companies
May 23, 2016, 12:20 pm
Singapore (Platts)–19 May 2016 536 am EDT/936 GMT Following a clampdown on illegal mines, China has now asked state-owned coal companies to cut their capacity by 10% and improve their efficiency, the Ministry of Finance said on its website late Wednesday. The government has allocated...
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