How I’m Hedged for a Downturn
October 20, 2023
Broad markets look pretty bearish here. Rates are getting pushed higher and higher and eventually something is going to break.
Author: The Coal Trader
Coal News & Price Data – October 20, 2023 – Met Coal Weekly Summary
October 20, 2023
The interest in seaborne metallurgical coal in China is waning due to a slowdown in steel production and sustained losses in steelmaking.
Coal News & Price Data – October 19, 2023 – Indian Coal Inventories Drop
October 19, 2023
In first half of October, coal stocks at power plants in India experienced a rapid depletion, dropping by 12.6% to 20.58 million tonnes.
Whitehaven Announces Acquisition
October 18, 2023
We finally got news that Whitehaven is the preferred bidder for the Blackwater and Daunia mines being sold by BHP.
Coal News & Price Data – October 18, 2023 – Whitehaven Finally Announces BMA Acquisition
October 18, 2023
Whitehaven Coal is the preferred bidder for BHP’s Blackwater and Daunia metallurgical coal mines estimated to cost up to $4.1 billion.
Ramaco News Update
October 17, 2023
Ramaco Resources (METC) pre-announced earnings, providing a tight range for Net Income and EBITDA. They also revised FY 2023 guidance.
Coal News & Price Data – October 17, 2023 – BNSF Train Derailment in Colorado
October 17, 2023
A BNSF coal train derailed off a bridge near Pueblo, Colorado, causing the bridge to collapse, resulting in the death of a semi-truck driver.
Coal News & Price Data – October 16, 2023 – China’s Coal Production Outlook
October 16, 2023
China’s coal production is projected to continue growing this year, albeit at a slower pace due to increased emphasis on cleaner energy.
Coal News & Price Data – October 13, 2023 – Metallurgical Coal Market Summary
October 13, 2023
Seaborne buying interest for CFR China basis increased due to tight domestic met coal supply and higher Q4 prices for domestic PLV.
Alpha News Update
October 12, 2023
Alpha announced preliminary sales volumes and realizations for Q3 2023, and revised full year 2023 guidance.
Coal News & Price Data – October 12, 2023 – Alpha Updates Revised 2023 Guidance & 2024 Domestic Pricing
October 12, 2023
Alpha Met reported preliminary sales volumes and realizations for Q3 2023 along with revised full-year 2023 guidance.
Coal News & Price Data – October 11, 2023 – More on Teck’s Coal Divestment
October 11, 2023
Teck Resources is considering more than just the highest bid for the sale of its metallurgical coal assets.