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

Paul Pogba undergoes ankle surgery

first_img Promoted ContentGreatest Movies In History Since 1982Which Country Is The Most Romantic In The World?6 Ridiculous Health Myths That Are Actually TrueWhat Is A Black Hole And Is It Dangerous For Us All?Fantastic-Looking (and Probably Delicious) Bread ArtWho’s The Best Car Manufacturer Of All Time?Best & Worst Celebrity Endorsed Games Ever MadeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho Is The Most Powerful Woman On Earth?Little Georgie Henley Has Grown Into A Beautiful Swan!Playing Games For Hours Can Do This To Your Body6 Major TV Characters We Were Relieved To See Leaving The Show Loading… Read Also: Pogba posts pre-surgery video after son’s birthday bashThe France international, who has been linked with a move away from Old Trafford, has made only eight appearances this season in a campaign blighted by injury.erything went well” during the operation in a social media post.FacebookTwitterWhatsAppEmail分享 The Manchester United midfielder initially posted a video on Instagram in which he looked groggy and admitted: “I don’t even know if I’m OK or if I’m high or if I’m sober, just don’t ask me if it went well, I don’t know.”He later deleted that post and replaced it with a shorter video.“Everything went well,” Pogba said. “We have to keep the positive energy.”Pogba, 26, is expected to be out for another four weeks after suffering his second ankle injury of the season. Paul Pogba underwent surgery on his ankle injury on Tuesday, reporting that “everything went well” during the operation in a social media post.Advertisementlast_img read more