Coal price

[bullhunter]

Anyone know where/how I can follow the coal trading prices? All I have found is a monthly chart on indexmundi.com.

thanks in advance.

 

[MARKETWINNER]

Please see following link. You will get some idea about coal.

http://ycharts.com/indicators/australia_coal_price

 

[bullhunter]

Please see following link. You will get some idea about coal.

http://ycharts.com/indicators/australia_coal_price

Thanks

 

[drillinto]

July 26, 2013

US Coal market fundamentals changed, yet spot prices remained stable

http://www.eia.gov/todayinenergy/detail.cfm?id=12271
***

 

[MARKETWINNER]

http://www.reuters.com/article/2013/08/13/coal-prices-south-africa-idUSL6N0GE22920130813

South African coal prices rise on strike talk, higher demand

 

[MARKETWINNER]

Coal demand in Europe may come down due to new developments. Coal demand will drop this winter as well. Additional renewable capacity in Europe will displace gas first, but coal is next in line.

If gas becomes expensive coal will have demand. For example it happened in the UK. They increased electricity generation from coal when coal was cheap.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.

 

[Joules MM1]

http://www.wsj.com/articles/coal-prices-on-fire-1478840770?mod=e2tw

.
"coal-prices-on-fire"

 

[noirua]

Coal prices have fallen markedly since the heady days of 2008/2009. However, it is set to see better days ahead noting the massive stockpiles built up. Competition in prices is what it is mostly about and producers can now sit back a bit and unload whilst keeping costs down on actual production.

 

[noirua]

Coal prices continue to increase and that includes more stubborn areas in Appalachia.

 

[qldfrog]

https://qz.com/2051594/chinas-boycott-of-australian-coal-has-been-good-for-india/?utm_source=YPL

 

[Smurf1976]

So China's needing more coal, the US is increasing use of coal and now it seems that India's going to need to buy some:

India could run out of coal soon. So why is a country with such big reserves facing shortages?

More than half of India's coal plants will run out of energy by the end of the week, according to government sources, leaving the world's second-most populous country in crisis. We explain the factors leading to India's alarming coal shortage.

www.abc.net.au

All these buyers scrambling for supply ought to push prices up or at least ensure that all production can be sold.

 

[qldfrog]

So China's needing more coal, the US is increasing use of coal and now it seems that India's going to need to buy some:

India could run out of coal soon. So why is a country with such big reserves facing shortages?

More than half of India's coal plants will run out of energy by the end of the week, according to government sources, leaving the world's second-most populous country in crisis. We explain the factors leading to India's alarming coal shortage.

www.abc.net.au

All these buyers scrambling for supply ought to push prices up or at least ensure that all production can be sold.

But Russia is there now, and for us, some Bad news ahead
Not so much the CC blabla for China but the need for them to be protected from future sanctions following Ukraine.

https://www.news.com.au/world/asia/imminent-china-move-set-to-impact-australias-coal-exports/news-story/b67b2ab6cd46b63a6c259ba7d56753ff

 

[qldfrog]

And a bit more

Bloomberg - Are you a robot?

 

[divs4ever]

no no Bloomberg was a Democrat Presidential candidate ( for a short while ) but was beaten by a puppet

 

[qldfrog]

According to data released by China’s General Administration of Customs in mid-April, the quantity of imported coal and lignite to China dropped 39.9 percent year-on-year in March and 24.2 percent year-on-year in the first quarter. However, Russian imports not only retained the top spot in China’s coking coal imports in March, the quantity more than doubled year on year.

China’s total imports from Russia are also growing significantly. The latest mid-April report from the General Administration of Customs showed that in the first quarter of 2022, its total imports from Russia increased to $21.73 billion, a jump of 31 percent year-on-year, ranking second only to Indonesia’s 31.4 percent.

So bad news for Australia coking coal,are we going to find other markets and at what cost..shipping to Europe and America put us at a disadvantage.
And that's if there is a market elsewhere

 

[divs4ever]

DJ South32's Asset Sale Leads UBS to Question Coal-Price Assumptions -- Market Talk	BHP $44.66 $0.73 (1.7%) $44.65$44.66
01 Mar 2024 13:59:37
7 Views 0 comments
0259 GMT - UBS wonders whether it needs to lift its assumptions for metallurgical coal prices in the wake of South32's up to $1.65 billion sale of its coal business. In a note, analyst Lachlan Shaw said the bank's valuation of the asset relied on a $180/ton long-term real met coal price. However, the transaction implies a price of $210/ton. "We think the buyers, GEAR and M Resources, would be looking at upside from life extensions and cost out, but also potentially a minimum $230/ton long-term real met coal price," which implies a 16% internal rate of return, Shaw says. "If met coal prices trade closer to these implied values, earnings and valuation upside risk emerges for Australian met coal producers." (david.winning@wsj.com; @dwinningWSJ) (END) Dow Jones Newswires

i hold WHC ( 'free-carried' ) S32 ( 'free-carried ) and BHP and several other coal miners

 

[mullokintyre]

The Slump in coal prices is going to have some impacts.
Firstly, for the coal producers themselves, a price at its lowest in three years after a couple of years of high inflation in their input costs means their bottom line will be hammered.
Secondly, a reduction in royalties for the government.
Some uneconomic mines may shutdown all together, some that are marginal will cut production.
Its not just thermal coal, coking coal is currently around $197 a tonne, whereas in August last year it was around the $290 mark.
Both will reduce royalties.
If the demand for coking coal falls, one might expect the demand for iron ore to fall as well.
As coal along with iron ore is one of the few export items that help give us a positive balance of payments, things are not looking rosy in OZ.
Mick

From AFR

 

[investor13]

Albos and Chalmers budget won’t look so flash now after patting themself in the back convinced they were good economists thanks to higher commodity prices

 

[qldfrog]

And while we block Australian coal mines, China moves on, using the very tech we developed and are prevented to use locally

How AI revolution at a Chinese coal mine is making profits soar

China’s Dahaize Mine is rewriting the playbook on how a coalfield operates as automation takes centre stage.

sc.mp

 

[divs4ever]

And while we block Australian coal mines, China moves on, using the very tech we developed and are prevented to use locally

How AI revolution at a Chinese coal mine is making profits soar

China’s Dahaize Mine is rewriting the playbook on how a coalfield operates as automation takes centre stage.

sc.mp

nothing unusual about that , doesn't only happen in coal , and worse still the talent that created or helped develop that tech are often lured overseas to improve that tech further

has been happening for decades