Coal News & Price Data – September 15, 2023 – Peak Downs Suspended
September 15, 2023
Haul truck operations at Peak Downs might be suspended for two more weeks after two trucks slid over 100 meters during an overnight shift.
Author: The Coal Trader
Use this Opportunity to Sell Alliance
September 14, 2023
Why is Alliance trading at a market premium to Australian thermal coal producers? It makes no sense in terms of long-term shareholder value.
Chinese Steel Macro Update
September 14, 2023
Herewith a quick rundown on Chinese Leading Indicators, PMI’s, and Steel Production. Plus metallurgical coal and iron ore implications.
Coal News & Price Data – September 14, 2023 – Low Water Levels on Mississippi River Disrupting Shipments
September 14, 2023
Low water levels in the Mississippi River led to a 57% drop in Gulf Coast coal shipments, only six ships left in the week ending Sept. 10.
Coal News & Price Data – September 13, 2023 – EIA Coal Update
September 13, 2023
The EIA has raised its 2023 total coal production outlook to 583 million short tons, a slight increase from August’s estimate.
Whitehaven’s BMA Acquisition
September 13, 2023
Time to address the elephant in the room. Whitehaven is most likely going to buy Blackwater and Daunia from BHP.
Downgrading Ramaco (METC)
September 12, 2023
Thinking through the poor relative performance of Ramaco vs the peer group, and I think the situation is going to get worse from here.
Coal News & Price Data – September 12, 2023 – South Korea to limit Russian Imports
September 12, 2023
South Korean government urged power companies to reduce their imports of Russian coal, particularly through spot market transactions.
Coal News & Price Data – September 11, 2023 – Met Coal Prices Continue Higher
September 11, 2023
Asian metallurgical coal prices rose due to increased buying interest. Bids for October-loading coal ranged from $276-$290/mt FOB Australia.
Coal News & Price Data – September 8, 2023 – Strike Commences at Chevron’s LNG Plants
September 8, 2023
Approximately 500 workers from a coalition of the Australian unions, initiated a three-week strike at Chevron’s LNG plants.
Coal News & Price Data – September 7, 2023 – India’s Thermal Supply & Demand Increases
September 7, 2023
Weak monsoon rainfall in India has led to a decline in hydropower generation, increasing reliance on coal-fired power.
Met Market Update
September 6, 2023
US domestic met coal market is currently facing several challenges, with the UAW strike looming on the horizon.