world coal trade 2012

World coal trade 2012 At the beginning of 2012, in terms of the global economy, the new year got off to a better start than was expected in some aspects, with employment data from the USA showing encouraging improvements. Financial markets were showing more positive signs during the first week of 2012 and the mining sector took a boost after some positive trade data was published in China. In the coal sector, the wet season in Queensland had so far not disrupted coking coal production significantly, and with lower demand, there was not likely to be much upward impact on prices. Traders had been anticipating a softening trend in the spot price in the first quarter, with some possible change in March if the Chinese picked up demand. The much milder winter in Europe had kept a cap on thermal coal demand, with consumers having high stocks of coal on their pads. Thermal coal spot markets around the world saw a modest firming in the first week of 2012. Capesize freight markets softened significantly over the holiday period and the approaching Chinese New Year holiday season was to cause the usual lull in international trade. Panamax freight rates had not seen as much of decline on the European route. As the year got under way, thermal coal spot prices began to firm in all the major spot markets. The significant movements in freight rates in 2011 influenced producers’ offered prices, particularly into Europe. By the beginning of 2012 there was little differential TRADE & COMMODITIES 5 FEBRUARY 2013 DCi Dr Tim Jones, e-coal.com Coal being unloaded at Beelman River Terminals in Venice, Illinois, using an equilibrium crane custom-engineered by E-Crane for the customer.

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At the beginning of 2012, in terms of the global economy, the new year got off to a better start than was expected in some aspects, with employment data from the USA showing encouraging improvements.

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World coal trade 2012

At the beginning of 2012, in terms of the global economy, thenew year got off to a better start than was expected in someaspects, with employment data from the USA showingencouraging improvements. Financial markets were showingmore positive signs during the first week of 2012 and the miningsector took a boost after some positive trade data waspublished in China. In the coal sector, the wet season inQueensland had so far not disrupted coking coal productionsignificantly, and with lower demand, there was not likely to bemuch upward impact on prices. Traders had been anticipating asoftening trend in the spot price in the first quarter, with somepossible change in March if the Chinese picked up demand. The

much milder winter in Europe had kept a cap on thermal coaldemand, with consumers having high stocks of coal on theirpads. Thermal coal spot markets around the world saw amodest firming in the first week of 2012. Capesize freightmarkets softened significantly over the holiday period and theapproaching Chinese New Year holiday season was to cause theusual lull in international trade. Panamax freight rates had notseen as much of decline on the European route. As the year gotunder way, thermal coal spot prices began to firm in all themajor spot markets. The significant movements in freight rates in2011 influenced producers’ offered prices, particularly intoEurope. By the beginning of 2012 there was little differential

E &

RY2013

DCi

Dr Tim Jones, e-coal.com

Coal being unloaded at BeelmanRiver Terminals in Venice, Illinois,

using an equilibrium cranecustom-engineered by E-Crane for

the customer.

US Coal Exports - Eni...the world (CEDIGAZ, June 2013), Global coal trade: from tightness to oversupply (IFRI, January 2013). March 2015: US Coal Exports ii Acknowledgements I would

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