Coal 02 (Jul 12 - Dec 25)

Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Fri Nov 09, 2012 10:20 am

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Qinhuangdao's coal inventory climbs, with coal price likely to shoulder pressure

As of the day before yesterday, coal inventory at Qinhuangdao rose to 6.055 million tons, data provided by www.cctd.com.cn showed.

An insider estimates coal price will shoulder pressure, as coal inventory reaches a high level again.


Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Tue Nov 13, 2012 12:00 pm

Coal dual pricing system said to cancel next year

21cbh.com reported by quoting the insiders of China Coal Industry Association that the coal dual pricing system will be officially cancelled starting 1 January 2013.


Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Fri Nov 23, 2012 1:54 pm

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Fuel coal pricing plan reportedly submitted to State Council

Rumor has it that the report on cancelling key contracts and pricing of fuel coal, has been submitted to the State Council.

If this is true, China's domestic coal market may be fully opened next year, when the state will no longer intervene the pricing of coal.

Coal stocks gained for three days in a row. YANZHOU COAL (01171.HK) added 3.1% to $11.9; CHINA SHENHUA (01088.HK) and CHINA COAL (01898.HK) rose around 1.5% to $32.2 and $7.82.

HUANENG POWER (00902.HK), HUADIAN POWER (01071.HK), CHINA RES POWER (00836.HK) and CHINA POWER (02380.HK) softened.


Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Wed Dec 19, 2012 7:57 am

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A Lump of Coal For Christmas May Not Be So Bad by JC Parets

Tradition has it that if you misbehave throughout the year, you might just end up with a lump of coal under the tree on Christmas morning.

But going into the end of 2012, it might not be such a bad thing.

In case you hadn’t noticed, the Coal sector has been consolidating in a nice tight range for almost 7 months.

These narrow ranges typically resolve themselves with a vicious move one way or another.

We’re in the camp that this resolution comes with a move higher.

http://allstarcharts.com/a-lump-of-coal ... be-so-bad/
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Fri Dec 28, 2012 11:23 am

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CHINA COAL (01898.HK) chosen as top pick - BofA ML

The State Council and the National Development and Reform Commission (NDRC) introduced reform in coal industry, including the cancellation of the upper limit of the coal spot price and suspension of the coal rail capacity assignation by the NDRC.

Bank of America Merrill Lynch noted in a report that the reform posed positive impact on the coal industry as the price will not be affected by the NDRC, lifting the policy risk.

If the coal price can rebound to RMB700 per ton, CHINA COAL (01898.HK), CHINA SHENHUA (01088.HK) and YITAI COAL (03948.HK) would have 1.4-3.4% upside potential.

The Bank reiterated its positive view toward the industry, with China Coal as its top pick.


Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Thu Jan 17, 2013 6:43 am

The Next Big Commodity Boom By Matt Badiali

It's a confirmed commodity boom in China.

Over the past couple weeks, I've shown you how the world's largest commodity consumer is importing record amounts of copper and driving iron ore prices well off their lows. Because China is such an enormous part of the global market, a sustained increase in demand here can kick off a huge rally in natural resources.

It turns out, copper and iron ore aren't the only resources China is hungry for… and they're not the only trends set to pay off for early traders.

Coal is one of the market's most hated commodities right now. As Growth Stock Wire readers know, U.S. natural gas prices have seen a huge drop since 2008. Prices are about half what they were in the early 2000s. Natural gas competes with coal as a fuel for electric power. So low natural gas prices have destroyed the coal companies that mostly sell to U.S. customers.

But the story is taking a very different turn overseas.

In 2011, China burned 1.26 billion metric tons of bituminous (or steam) coal to generate over 80% of the country's electric power supply. That's 22% of the world's steam coal production in 2011… all consumed in China.

China's demand for coal is up over 14% from 2010 to 2011. And we're watching the data from 2012 because as this chart shows, China's demand for imported coal is nearing new highs…

China's monthly coal imports hit 9.7 million metric tons in November. That's just shy of the record 9.9 million metric tons set last July. And the trend since early 2011 has been up.

Major mining companies, like BHP Billiton (BHP) and Rio Tinto (RIO), are big coal producers in Australia. Their product goes straight to China. And they're bound to benefit from the bigger trend here as well…

Regular readers understand China is the single most important factor in natural resource investment… It has three times the population of the United States. It could double its per-person wealth, and it would still be less than half as wealthy per person as the United States.

Like I've said before, a doubling of China's per-person wealth would mean a lot more car sales… more air conditioners… more refrigerators… more cellular phones… more televisions… more dishwashers… more everything.

And it would take a mountain of commodities to build it all.

It would take lots of iron ore to make the steel that goes into car frames. It would take lots of copper to build the cooling coils in the air conditioners and refrigerators. It would take lots of coal, uranium, and natural gas to fire the power plants and generate the electricity to run the factories. It would take lots of oil and gasoline to transport people, materials, and products.

If China's demand has a prolonged recovery, the upside here is enormous. The companies that sell the commodities to China are going to show their shareholders tremendous gains. Many commodity stocks are still well below their 2011 highs, when they earned more from higher commodity prices… and traded at higher multiples. If commodity prices continue to rise, we could easily see those companies gain 50%.

And if investors get carried away by news of China's surging economy, we could see premium valuations… and even watch these stocks trade back up to 2007 levels, two or three times higher than today's prices.

To most folks, these bullish gain projections sound crazy. After all, we've heard bearish "Chinese growth is doomed" stories for more than a year. Knocking China and its growth prospects has become the popular thing to do.

But if the crowd is wrong in 2013 – and the data is starting to show it is – betting against it and owning commodity stocks will become one of the best trades of the year.


Source: www.growthstockwire.com
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Sat Apr 13, 2013 9:20 am

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China coal price drops for 14th week, hitting 3-year low
2013-04-12

Bohai-Rim Steam-Coal Price Index suggested that the average closing price for 5500K steam coal in Bohai-Rim dropped RMB1 from the previous reporting period to RMB616 per ton during 3-9 April, falling for a 14th week.

The coal price hit the lowest level in three years.


Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Thu May 02, 2013 8:26 pm

COAL PRODUCERS ARE BACK IN "BUST MODE"

Coal stocks just made a critical move lower.

Over the past few years, being long coal producers has been a painful bet. Tighter regulations and cheap natural gas prices have crushed coal demand. In the U.S., coal production is down 9% over the past 12 months. That's a huge decline for a slow-moving industry.

A surge in natural gas prices over the past year provided some hope for the coal sector. In late 2012, shares of KOL – a fund that holds a basket of coal producers and related stocks – tried to "carve out" a bottom. But as you can see in today's chart, the bottom has fallen out of KOL.

China is the biggest coal user in the world, accounting for half of global consumption. And the latest numbers show China is cutting back on coal imports.

Over the past few weeks, shares of KOL broke through their previous lows from eight months ago. The index just touched its lowest level in nearly four years. The long-term downtrend in coal producers continues.


Source: www.dailywealth.com
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Mon Jun 10, 2013 8:36 pm

Chinese local govts back coal prices - report

Many local governments have put forward relief measures as Chinese coal price has kept lower.

China Business reported that the local governments in Shaanxi, Shandong, Shanxi, Anhui are introducing new measures to encourage power companies to use local coal, China Business reported.


Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Jun 13)

Postby winston » Fri Jul 05, 2013 8:51 pm

JPM prefers CHINA SHENHUA, CHINA COAL among China coal companies - JPM

JP Morgan kept Overweight on CHINA SHENHUA (01088.HK) on its defensiveness and believed CHINA COAL (01898.HK) will bring attractive risk reward.

The de-inventory will bring near-term risks for the sector, but policy support, reduction in supply and seasonal demand will help resume market equilibrium, JP Morgan said.

Source: AAStocks Financial News
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