Coal 02 (Jul 12 - Dec 18)

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Thu Feb 16, 2017 10:24 am

Will China Curb Coal Production Again?

By Shuli Ren

Coal miners rallied after Bloomberg reported that China may curb coal production again, as early as March.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ion-again/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Mon Feb 20, 2017 7:03 am

Korean Peninsula set to become more volatile after China stops buying coal from North

Ban by China comes ahead of joint military exercise between US and South Korea

The Ministry of Commerce said China would suspend all imports of coal from North Korea for the rest of the year, in accordance with existing United Nations sanctions over Pyongyang’s nuclear and missile programme.

A UN resolution passed in November limits North Korea’s coal exports for 2017 to 7.5 million tonnes, worth about US$400 million, but down 62 per cent from exports in 2015.


Washington had earlier called on Beijing to cut coal imports, which earned Pyongyang US$1 billion in 2015.

In 2016, despite a UN sanction imposed in April that year, China bought even more North Korean coal, with imports reaching 22.5 million tonnes, up 14.5 per cent from the previous year.


Source: SCMP

http://www.scmp.com/news/china/diplomac ... fter-china
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Mon Feb 20, 2017 8:56 am

No private appetite for coal, experts say

The Turnbull government has been warned the private sector has no appetite to invest in new coal power and that it will never be viable without carbon capture and storage.

The problem is the ongoing uncertainty created by "the lack of clear climate change policy that's stuck" from either side of federal politics, Grattan Institute energy program director Tony Wood says.

The government is exploring how it can allow the Clean Energy Finance Corporation to invest in ultra-supercritical coal-fired power plants and carbon capture and storage, with the latter requiring legislation.

It has been promoting high efficiency, low emissions coal-fired generation to shore up the national energy grid but has had pushback from an energy sector that doesn't want to build new coal plants.

Mr Wood says changing that won't be easy.

"But of course not that many years ago there wouldn't have been appetite for putting large amounts of money in to wind and solar without strong government support," he told ABC radio on Monday.

For private sector investment to be viable, there would have to be clear arrangements to mitigate the risk. However, at the moment even the newest technology coal plants are dirtier and more expensive than gas-fired power.

"It doesn't make sense to introduce ... supercritical power stations without carbon capture and storage," Mr Wood said.

Labor frontbencher Andrew Leigh ridiculed the focus on carbon capture and storage, which he said was decades away from being viable.

"The trouble is, like cold fusion, it's a technology that hasn't lived up to its boosters," he told Sky News.

"This isn't a technology that the private sector is backing, it's not a technology the rest of the world is piling into, it's not a proven technology."

CEFC chief Oliver Yates has told politicians it would be very difficult to find a commercial investor deciding to invest in a coal-fired power station in the Australian market today.

Finance Minister Mathias Cormann disagreed.

"The reason why there's been obviously no appetite for private sector investment is because of the policy settings that have been progressively put in place by Labor and Green governments," he told ABC radio.

Mr Wood said if any federal government set a steady climate policy to cut emissions, it would make sense for states to move away from their individual renewable energy targets.

"They'd effectively be unnecessary because renewable energy would be playing its part in reducing greenhouse gas emissions," he said.

Greens energy spokesman Adam Bandt said the government's move to put taxpayer money into coal was dumb and dangerous.
"Subsidising coal through the green energy bank is like subsidising asbestos through the health budget," he said.

Source: AAP
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Sun Mar 05, 2017 8:01 am

Trump’s Futile Efforts to Save the Coal Industry

By David Fessler

Source: The Oxford Club

http://energyandresourcesdigest.com/tru ... ?src=email
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Fri May 05, 2017 11:48 am

Free Falling Commodities: How Low Can Coal Go?

By Isabella Zhong

Jefferies analyst Laban Yu notes:

Spot and futures prices have been falling since mid-March, picking up momentum in the past few weeks as policy makers indicated that not only are they abandoning production restrictions, they are accelerating and expanding new low cost mines.

Sep '17 futures contracts have fallen Rmb75/ton since early April to just above Rm515/ton.

We believe they have yet to find a bottom.


So how low can the coal price go? Yu expects it to fall to below CNY500 per ton in the second half of the year and to CNY400 a ton in 2018.


Yu has lowered his target price on China Shenhua Energy (1088.HK) by 15% to HKD10.75 a share, which implies 40% downside. Shenhua shares are up 23% this year and have gained 45% over the past year.

Yu also has an underperform rating on China Coal Energy (1898.HK) and Yanzhou Coal Mining (1171.HK) although he notes the low price-to-book multiples of the two stocks could put a floor under their share prices.


Source: Barron's Asia

http://www.barrons.com/articles/free-fa ... 1493952602
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Tue Jun 27, 2017 8:05 am

Coal is making a comeback… and they’re throwing a party

by Nick Rokke

Source: Palm Beach Daily

http://thecrux.com/coal-is-making-a-com ... g-a-party/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Wed Jul 05, 2017 8:06 am

Declining Coal Consumption

The most significant development in recent memory is the dramatic downfall of coal in the electricity sector, the result of cheap natural gas, stricter environmental regulation and the rise of renewables

Coal consumption fell almost 9 percent in 2016 alone, after dropping 14 percent in 2015.

Coal consumption is down 38 percent since 2005.

Source: Oil Price Intelligence
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Fri Dec 15, 2017 8:23 am

Chart of the day: Thermal coal rising

by Nicole Elliott

At this time of the year, when parts of the northern hemisphere become very cold, our thoughts turn to keeping people warm.

Coking coal is used to produce iron and steel, whereas thermal coal is for the generation of heat and electricity, and the Zhengzhou Commodity Exchange trades futures on the latter.

While not one of the most active on the exchange, partly because sideways consolidation since the Lunar New Year has kept volatility at a record low, the contract has perked up recently.

After it stormed higher last year, a mean regression has been established at about 620 yuan (US$94) per tonne.

The weekly Ichimoku cloud has caught up with prices and provided support since July.

We are now testing the upper two-standard-deviation line. If this level is broken, the next target will be 840 yuan.

Source: SCMP

http://www.scmp.com/business/markets/ar ... oal-rising
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 17)

Postby winston » Fri Jan 19, 2018 11:23 am

This ‘hated’ commodity should get a boost from Trump’s latest plan

by Nick Rokke

VanEck Vectors Coal ETF (KOL)

With steel demand already on the rise due to a growing economy, I expect met coal to take off, too.


Source: Palm Beach Daily

http://thecrux.com/analyst-time-to-buy- ... mmodities/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

Re: Coal 02 (Jul 12 - Dec 18)

Postby winston » Wed May 23, 2018 11:25 am

Coal Makers Dive About 4-7% on Price Cut Request

Coal makers, under selling pressure broadly, underperformed the market, as National Development and Reform Commission (NDRC) required coal makers to cut prices.

Blue-chip coal stock CHINA SHENHUA (01088.HK) sank below 20MA, 50MA and 10MA, and bottomed at $19.8 before defending at 250MA ($19.58). It last posted at $19.86, down 5.9%, being the blue chip and HSCEI constituent with steepest losses.

YANZHOU COAL (01171.HK) also dropped below 100Ma and 10MA, testing 20MA ($10.9). It last stood at $10.96, down 7.1%.

CHINA COAL (01898.HK) slipped 5.2% to $3.44.

YITAI COAL (03948.HK) fell below 10MA, 20MA and 50MA, and last printed at $9.31, down 4.6%.

SHOUGANG RES (00639.HK) dived 3.7% to $2.07, testing 20MA and 50MA ($2.07 and $2.05).

Source: AAstocks.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 99626
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to Commodities

Who is online

Users browsing this forum: No registered users and 1 guest

cron