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Coal prices set to climb higher due to Australian Floods and Africa heavy rains

Coal Flooding Breaking News:
Australia is the world’s biggest coal exporter when supplies of coking coal to make steel and thermal coal to generate power are combined.The country shipped 259 million tons of material in 2009, according to data compiled on the World Coal Association’s website. It was followed by 230 million tons of exports from Indonesia. The group cited information from BP Plc, the International Energy Agency, the World Steel Association, Simpson Spence & Young and the World Energy Council. some of the bigger coal export markets are Japan, India, Chile, China, Australia, and Belgium.
Australian metallurgical coal exports
value and volume
Ref:http://www.abare.gov.au/interactive/09ac_sept/htm/steel.htm

South Africa Heavy rains impact exports

South Africa raised the flood-warning level for its central Orange River area today as water levels in places were expected to reach the highest since 1996. The country’s biggest dam, Gariepdam, is at 113 percent of “full” levels and the second- biggest, Vanderkloof, is 107 percent full, according to figures on the website of the government’s water department.
In 2009-10, export earnings from metallurgical coal are forecast to decline by 50 per cent to $18 billion, having increased by 128 per cent in 2008-09. The record prices that underpinned high export earnings in 2008-09 declined by between 57 and 62 per cent for JFY 2009. This price decline is forecast to more than offset a 4 per cent increase in export volumes.

Australia Flooding  makes coal prices to surge

One of Queensland's largest coal terminals has stopped exports and the largest in the state is at just 60 per cent capacity, ripping nearly two million tonnes of coal a week from the global supply. About 40 mines in Queensland have been affected by flooding and several have said they cannot meet their contracts.
As the australian floods  and devastation news in the eastern states flows into the world news all over , africa is adding to the woes of the coal importing nations. To add to the coal export worries in australia, now africa  us having heavy rains impairing thier  coal exports as well.
This chain of event can mean only one thing  higher coal prices  due to this shortage in coal in australia and africa  which are one of teh bigger coal exporting countries. China and INDIA  which  have substantial coal imports from these countries will certainly be affected , even though china has its own coal producing mines. Three big coal miners BHP Billiton Ltd., Xstrata Plc and Anglo American Plc, already facing delays in coal shipments from flooding in Australia, said their South African operations are also being hit by unusually high rainfall.

Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year rose $2.85, or 2.4 percent, to $119.75 a metric ton at 12:28 p.m. in London. Prices rose as high as $120 earlier yesterday.

Floods (Disasters Up Close)
Biblical Collector's Series: Noah's Ark and the Biblical Flood
Import/Export For Dummies
Building an Import / Export Business

Comments

  1. I started a project that I call "Real Data". For the most part these are Excel Spreadsheets that are 100% downloadable with a direct link and no spam.

    Truth benefits the recipient. Same as "Real Data". The powers that be do not want to provide Real Data, because it does not benefit them.

    One cool sheet I have already is Sentiment Data going all the way back to 1987. It is yours, for free. Real Data.

    You got some Real Data you want to share? Drop a comment or email the data to me at stock *at* hawaii.rr.com

    Check out the Real Data here

    http://oahutrading.blogspot.com/p/real-data-series.html

    ReplyDelete
  2. Gold is at a critical support point. Very few if any other analysis methods would show this. The PRS177, which is a channel line extension, tells us something that very few can see, much less understand, much less act upon.

    We have got a nice 11% profit on a mechanical trading system [SHORT] on GDX from BreakPoint Trades, however this PRS channel line has caused me to close out that trade. That is good enough.

    The "Cable" British Pound / USD currency pair has 2 reasons to want to push higher. The 78 Fibo and the PRS 177. This would also push US equities higher, although the multi-year correlations may be now at risk of no longer working.

    Also, Expiry week is done. The Monday after expiry often finds some good size fireworks to correct the antics of Expiry week. Sunday futures will be interesting. We banked some serious coin last Sunday playing the futures, which seemed to move in perfect 5 and 3 wave patterns, almost like shooting fish in a barrel. Not that I will complain, any win is a win gratefully accepted.

    Bond Interest Rates are at a 61Fibo, also looking a near perfect bull flag. Choose your own poison on how to play this. Perhaps TBT or even JNK? However, one concern is that there is so much media coverage about muni bonds being risk, and States being allowed to declare bankruptcy--defaulting on pension obligations and bonds. I have to take this amount of media coverage (it is large) as a contrary indicator--when they pimp it out that much, there must be some opposite plan coming out....like a TARP for borrowing for State Governments.

    This feeds back into my tin foil hatter theory of Fed Gov as the economic hit man, enslaving everyone, including State Governments with debt. What a great plan to consolidate power at the Federal Level. Time will tell.

    http://oahutrading.blogspot.com/

    ReplyDelete
  3. I am very interested in this article.

    ReplyDelete

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