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
    May 12, 2021

    China’s coal futures hit record as exchange tries to cool rally with fee hike

    Coal, Commodities, Steel Industry China, China Coal Futures

    Prices have rallied 34 per cent so far this year as miners struggle to meet robust demand from the nation’s economic rebound.

    By Krystal Chia | Bloomberg

    Prices have rallied 34% so far this year as miners struggle to meet robust demand from the nation’s economic rebound. Safety and environmental inspections, mining accidents and an unofficial ban on Australia coal has disrupted supply and tightened the market. A recent worsening in diplomatic relations with Australia has also given the raw material another boost.

    Futures reversed a drop earlier Tuesday morning after authorities raised trading fees, typically a step that’s taken to cool markets. Trading fees for iron ore futures were also increased on Tuesday.

    “The market has been unusually explosive,” said Huatai Futures Ltd. analyst Wang Haitao. Inspections in major coal-producing regions have been rife with corruption investigations in Inner Mongolia, overproduction probes in Shaanxi province, and environmental checks in Shanxi province. …Full Story

    Anglo American, South32 walk away from thermal coal Coal set to dominate Indonesia power mix in 2030 as renewables lag

    Related Posts

    Coal, Commodities

    Coal shortage now at alarming levels, say aluminium producers

    With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has urged the union coal ministry for immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has lauded […]

    Coal, Commodities, Power Markets

    Coal Shortage Crisis: 15 Of 135 Power Plants Have Zero Days Of Stock

    Concerns on coal have also come from political quarters, as Power Minister RK Singh describes the situation as “touch and go” By – Mohammed Kudrati | Boom Live India is running perilously low on coal for thermal power generation, shows data from the Central Electricity Authority. According to their daily release on coal stocks through […]

    Coal, Commodities, Power Markets

    China Energy Crunch Triggers Alarm, Pleas for More Coal

    By David Stanway | Reuters As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shortages sparked by scant coal supply crippling large sections of industry, […]

    London Commodity Brokers Ltd.
    © London Commodity Brokers Ltd.