Drop in Imports from China Depresses Coal Prices; Indonesian Miners Seeking Other Markets

first_img FacebookTwitterLinkedInEmailPrint分享Deepak Kannan in Platts Coal Trader International: Several large Indonesian thermal coal miners continue to forecast stable to higher production targets for 2016 despite weakening demand in both India and China, putting downward pressure on prices.Indonesian coal suppliers have been hit by a significant drop in Chinese imports of thermal coal and increasing domestic output in India.“China import demand for the thermal coal is expected to continue to decline over the medium term,” said Tim Buckley, director of Energy Finance Studies at the US-based Institute for Energy Economics and Financial Analysis. Coal production in China fell about 6.8% in the first four months of 2016 from the same period last year, while thermal power generation was down 3.2% over the same period.“All are very negative trends in terms of falling demand from China, and a likely increase in China looking at export opportunities,” Buckley said.China, which produces about 4 billion mt/year of coal, lowered its export tax to 3% from 10% early last year, fueling speculation the country might look to become a net exporter in the near to medium term.Global seaborne thermal coal demand is seen declining 25% by 2020 from 2014 peak volumes, Buckley noted.Goldman Sachs analysts expect seaborne trade to contract by 10% over 2015-2020.Indian imports fell about 19% year on year in the first four months of 2016. For fiscal year 2015-2016, Indian imports, including metallurgical and thermal coal, were down 15% to 182 million mt.“IEEFA expects Indian import demand for thermal coal to continue to decline at 10-20% year on year rates over the coming year, considering the comments from NTPC Ltd, the biggest user of coal in India, saying they will not import any thermal coal in next 12 months,” Buckley noted.Full article: http://www.platts.com/latest-news/coal/singapore/analysis-large-indonesian-coal-miners-to-maintain-27582801 Drop in Imports from China Depresses Coal Prices; Indonesian Miners Seeking Other Marketslast_img read more

Ayre: Klopp will have final say on adding ex-Reds to backroom staff

first_img Klopp, a man who appreciates Liverpool’s rich history, will have the final say. “Those decisions will be Jurgen’s but the near future is about what we have here and what Jurgen has to work with and that is for him to assess,” said Ayre. “There were some changes (in the coaching staff) yesterday but it is about moving forward and there are no plans at this stage other than for Jurgen to get together with his staff and take it from there.” The appointment of Klopp, rated as one of the best coaches in Europe, is a major coup for owners Fenway Sports Group who moved quickly after sacking Brendan Rodgers on Sunday. Ayre believes the 48-year-old is a perfect fit. “When we started the search it was important we found someone who we believed could bring success to the club, who could take on the size, the might and the ambition of the club,” he added. “Jurgen ticks those boxes. When you spend time together, there is a connection and an understanding of the culture of this club. “It was good to feel that from Jurgen that he understood the size and ambition of the club.” Liverpool chief executive Ian Ayre will let new manager Jurgen Klopp decide whether to bring in any former Reds players to help bridge a gap to the club’s gloried past. Press Associationcenter_img The German’s arrival on Merseyside saw former midfielder Gary McAllister removed from his coaching position – which he had only held since the summer – on Thursday and moved into an ambassadorial role. There has already been speculation about whether Jamie Carragher could be persuaded to ditch his television commitments to return to Anfield, or whether ex-captain Steven Gerrard would be enticed back from LA Galaxy. Former Germany midfielder Dietmar Hamann, a Liverpool player between 1999-2006, has also had his name mentioned. last_img read more