Coal 02 (Jul 12 - Dec 18)

Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Fri Aug 19, 2016 10:01 am

NDRC: PRC Jun National Coal Shipments by Railway Down 12% YoY

According to NDRC, for the month of June, the national coal shipments by railway was 140 million tons, down 12% yearly.

Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Fri Aug 19, 2016 11:16 am

Coal Miners Tumble As China Aims To Cool Price Rally

By Shuli Ren

Chinese coal miners tumbled in Hong Kong as markets worry that Beijing will halt thermal coal’s hot summer rally.

Qinhuangdao thermal coal prices have climbed to 470 yuan per ton on August 17, the latest data available, from 400 yuan per ton just two months ago. This 17% rally is too much for China’s regulators, who are now pushing the coal miners to increase production.

Deutsche Bank‘s James Kan thinks Beijing will want thermal coal prices to return to 450 yuan per ton. He wrote:

When the QHD coal price rises above the RMB450/t level, the NDRC would assign qualified coal miners to increase production. When the coal price falls below the RMB450/t, a strict 276-day policy would resume.

The NDRC seems to be aiming at keeping a stable coal price so that coal producers and IPPs can have stable profitability.

This morning, China Shenhua Energy (1088.Hong Kong) tumbled 4.9%, Yanzhou Coal (1171.Hong Kong) dropped 3.7%, China Coal Energy (1898.Hong Kong) retreated 3.5%.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... ice-rally/
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Sat Aug 27, 2016 11:49 am

US Coal rail traffic plunges

The decaying state of the U.S. coal industry continues.

According to the Association of American Railroads, coal traffic on the railways for the week ending on August 20 plunged by 16.6 percent year-on-year.

And so far this year, coal shipments by rail have fallen by 27.5 percent compared to a year earlier.

Declining rail shipments mirror the decline of U.S. coal production – coal miners produced 437 million tons so far in 2016, or about 25 percent less for the same period a year earlier.

Source: Oil Price Intelligence
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Fri Sep 02, 2016 3:11 pm

7 Largest Coal Groups Record Total Liability of Nearly RMB1.2T in 1H16

Based on the statistics of 21st Century Business Herald, seven largest coal groups in Shanxi recorded total liability of nearly RMB1.2 trillion in the first half of 2016, slightly lower than the previous quarter.

Source; AAStocks Financial News
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Re: Coal 02 (Jul 12 - Dec 16)

Postby behappyalways » Sat Sep 10, 2016 8:19 pm

74 coal companies get OK to boost production
http://english.caixin.com/2016-09-09/100987277.html
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Tue Sep 20, 2016 8:13 pm

Coal goes from "bad to less bad"... sector fund KOL climbs 100%-plus off its late-January bottom.
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Thu Sep 22, 2016 7:48 pm

THE WORLD'S MOST HATED COMMODITY IS QUIETLY SOARING

Today's chart looks at the "stealth" bull market in the world's most hated commodity...

Regular readers are familiar with the extreme "boom and bust" nature of natural resource markets. (You can read our educational interview on the idea here.)

For years, the coal sector was in "bust" mode. Many coal stocks fell 80% or more from their 2011 peaks. But today, coal stocks are in an uptrend. After bottoming in January, they have quietly soared to new highs lately.

You can see this trend clearly in the price action of the VanEck Vectors Coal Fund (KOL). This fund holds a diversified mix of the world's biggest coal stocks. That makes it a great gauge of what's happening in the coal sector.

And as you can see below, coal stocks have soared this year. KOL shares are up about 110% since January and hit a new 52-week high earlier this week. For the moment, coal stocks are in "boom" mode...

Source: Daily Wealth
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Thu Oct 06, 2016 1:35 pm

<Research Report>Macquarie Lifts PRC Coal Price Forecasts; Top Pick CHINA COAL (01898.HK)

Macquarie, in its report, lifted its 2016/17/18 QHD coal price forecasts by 9%/21%/14% to RMB431/440/417 per ton, to reflect the government?s supply intervention and the expected Newcastle coal price upgrade.

With a higher forecast for coal price, the broker decided to lift the target prices and earnings forecasts for Chinese coal stocks.

The broker lifted the target price of its top pick CHINA COAL (01898.HK) from $4.86 to $5.55, with rating Outperform.

The broker also lifted the target price of YANZHOU COAL (01171.HK) from $4.24 to $4.97 with rating Neutral. The target price of CHINA SHENHUA was lifted from $10.57 to $12.7, with rating Underperform.

Source: AAStocks Financial News
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Fri Oct 07, 2016 7:04 am

This unlikely bull-market has led to quick triple-digit gains

Source: Daily Crux

http://thecrux.com/this-unlikely-bull-m ... git-gains/
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Re: Coal 02 (Jul 12 - Dec 16)

Postby winston » Thu Oct 13, 2016 8:58 pm

Coal stocks continue to rise… sector fund KOL surges 135% since mid-January.
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