Power-station coal prices at Australias Newcastle port rose for a second week and may extend gains on concern that plans to cut loading quotas in the fourth quarter may worsen shortages. Coal for immediate delivery at the worlds largest export- harbor for the fuel in New South Wales state rose 47 cents, or 0.7 percent, to $67.42 a metric ton in the week ended Sept. 21, according to the globalCOAL NEWC Index. Australian producers using Newcastle will have loading quotas trimmed in the fourth quarter to reduce vessel lines, a terminal official said. ``If there are further cutbacks the market would not have taken that into account, said Gavin Wendt, senior resources analyst at Fat Prophets in Sydney. ``Theres only one way that coal prices would go and thats upwards.
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But it may not work the way it was designed. Filed - Charges have been filed in Newcastle against one of two convicted felons
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Insufficient port and rail facilities are preventing Rio Tinto Plc, BHP Billiton Ltd. and Xstrata Plc from meeting increased demand for Australian coal. Almost 90 percent of the coal shipped through Newcastle last year was thermal coal produced in the Hunter Valley. The mining companies agreed in February to reintroduce the quota system to help reduce waiting times for ships and cut demurrage costs.
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Union Fears Massive Job Cuts of coal seam gas in SGLs current assets and permits. to pay market prices for additional fuel consumed above quota,
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Bastiat for web [Adobe PDF]offered tariff cuts even where it hurts us. the most – that is, areas Intelligence may presently be on the job, the one who really needs to act to avoid more hits from: http://www.policynetwork.net/uploaded/pdf/Bastiat-2006-web-version.pdf ::
offered tariff cuts even where it hurts us. the most – that is, areas Intelligence may presently be on the job, the one who really needs to act to avoid
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The companies will be asked to make voluntary cuts, failing which the reductions will be imposed based on their current allocations, Graham Davidson, general manager of Port Waratah Coal Services Ltd., said by phone today. He wouldnt give details. ``The cuts will be at a bad time for the Asia-Pacific market as a lot of consumers are ready to re-stock for the winter season, said Gerard Burg, minerals and energy economist at National Australia Bank Ltd. ``Its a difficult time and will affect sentiment in the market and possibly consumers will move forward in their ordering to ensure supplies.
China cuts Australia coal imports 34% on congestion::
Coal demand in China may rise 5.3% to 2.76 billion metric tonne this approval to extend the use of a coal-export quota system at Newcastle to help
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Prices of edible oil increase - Worldnews.com::
advance wheat quota to flour mills by Feb 17. We should extend two-day wheat IC Newcastle. Bugs on the menu at UN meeting in Thailand 聯合國會議的蟲蟲大餐
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The number of ships waiting to load coal at Newcastle fell to 44 as of this morning from 50 a week ago, Newcastle Port Corp. said on its Web Site. The coal carriers waited an average of 18.6 days to load, compared with 11 hours for general cargo.
A total of 1.52 million of coal was shipped in the week ended today, less than the 1.54 million tons a week earlier, Newcastle Port said. Seventeen ships with coal departed the port in the week ended Sept. 22, down from 21 a week earlier, the port said in a separate statement. Twelve headed to Japan, two each to Taiwan and Korea, and one to India.Japan and South Korea are boosting purchases from alternative suppliers after China cut shipments and became a net importer for the first time.
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Newcastle Coal Prices May Extend Gains on Quota Cuts