European Coal Market Struggles With Surge Of Off-Spec Fows

The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said. European utilities have been blending off-spec coals for many years as it is typically a more economical way of achieving the most favorable heat,
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Bunker fuel premiums in Singapore surged at the close of Asian trade Tuesday following a sharp uptick in ICE Brent crude oil futures during the Platts Market on Close assessment process, with prompt supply still seen as marginally tight. Singapore ex-wharf 380 CST bunker fuel premiums to the Mean of Platts Singapore 380 CST high
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As the worldwide price of oil hit its highest level for 2018 on Wednesday, CNBC’s Jim Cramer mused on what the milestone could mean for the U.S. energy market. “When it comes to energy, we have a big problem in this country,” the “Mad Money” host said, referring to the holdup in the Permian Basin
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As global markets continued to grapple with deficit of the metal, exports of aluminium from the country shot up by 15.9 per cent in the April-June quarter this year. Oversupply in the domestic market also helped exporters, reports said. The uptrend in aluminium exports observed in the last financial year spilled over into FY19 as
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As oil markets show growing global supply concern, Iraq is signaling the jitters may be overdone. Output from OPEC’s second-biggest producer has jumped to a record and is set to expand further, reflecting higher investment in the country’s southern fields following crude’s rally. “Iraq has oil that’s cheap and relatively easy to produce,” Mustafa Ansari,
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Bunker fuel prices at the key Italian port of Genoa have outperformed the nearby bunkering hubs of Gibraltar and Malta due to supply concerns arising from the motorway bridge collapse in the city. Delivered 380 CST bunker fuel at the port of Genoa gained $4/mt on the day Wednesday to $442/mt, while at Gibraltar the
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A total of seven incidents of armed robbery against ships were reported in Asia in July 2018, Asian piracy watchdog ReCAAP ISC informed. During the month, seven actual incidents were reported. All have been verified and reported to the ReCAAP ISC by ReCAAP Focal Points and Contact Point. There has been an increase in the
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India’s coal imports appear to have surged in July and may even come close to a monthly record as it grapples with domestic transport woes and rising demand for electricity. Coal imports are on track to reach 19.7 million tonnes in July, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and
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The combined profits of Chinese steel makers surged in the first half of 2018 on strong demand, industry association data showed Wednesday. In the first half, profits of about 380 steel makers stood at 139.27 billion yuan (about 20.5 billion U.S. dollars), up 151.15 percent year on year, according to the China Iron and Steel
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NEW DELHI: India’s top 12 Major Ports reported a 19.32 per cent surge in imports of thermal coal to 28.28 million tonnes during April-June this year, latest report from Indian Ports Association (IPA) has said. The centre-owned ports had handled 23.70 million tonnes (MT) of the thermal coal in the corresponding period of the previous
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