London Commodity Brokers Ltd.
    • Home
    • About Us
    • Commodity News
    • Price Information
    Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
    To find out more, including how to control cookies, see here: Cookie Policy
    August 13, 2020

    Exxaro Resources Reports 2% Decline in Thermal Coal Sale

    Coal, Commodities Exxaro, South Africa

    From SteelGuru

    South African coal miner Exxaro Resources Ltd said “As defined an essential service for providing coal to Eskom for electricity generation, as well as being an exporter, our coal operations continued operating at various capacities, while complying with the COVID-19 lockdown restrictions as implemented by the national government.

    Due to the impact of COVID-19 and the subsequent lockdown, many industrial customers in the domestic market have either reduced demand or stopped coal off take during April and May.

    In addition, coat exporters produced a sized coal product for the local markets due to very low export pricing. This resulted in an oversupply, negatively impacting domestic prices. It is estimated that the seaborne market is oversupplied by at least 40Mt.

    We have seen the worst of the lockdowns, with negative impacts on the energy complex. The prices of both oil and gas have dropped to record levels and the API4 index price dropped to historically low levels. Markets like Vietnam and Pakistan took advantage during this period of low prices to purchase South African coal while the Indian demand fell below the normal off take…Full Story

    The future of South Africa’s coal industry is not what it used to be Iron ore futures surge on China steel demand, spot price at 13-month high

    Related Posts

    Commodities, Iron Ore, Steel Industry

    Australian iron-ore and coal exports fall in January

    By Esmarie Iann | Mining Weekly New data by the Australian Bureau of Statistics (ABS) has reported a A$3-billion, or 9%, decline in exports for the month of January, driven by a A$1.5-billion, or 10%, decline in the export of metalliferous ores. “The decline in metalliferous ores was driven by a decline in the quantity […]

    Coal, Commodities

    Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy

    By Martin Creamer | Mining Weekly Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle. Outgoing CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global company in mid-2021 to Nagle, who has […]

    Commodities, Iron Ore, Steel Industry

    Iron-ore prices to trend lower in first six months of 2021

    BY: Tasneem Bulbulia | Mining Weekly The surge in iron-ore price between the second and fourth quarter of 2020 has run its course, says Fitch Solutions Country Risk and Industry Research. It notes that prices should grind lower during the first half of this year as supply improves and demand growth slows. On the supply side, […]

    London Commodity Brokers Ltd.
    © London Commodity Brokers Ltd.