Re: Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines
Berita buruk dikeluarkan utk koreksi atau paksa orang buang barang? Btw ingat coal ingat bumi (biarpun ga semua saham coal di BEI ini bumi kan? tp sayanganya bumi yg paling likuid). Ingat bumi ingat apa stament bang Ian tentang kepala gundul di milis sebelah. Bumi udh dekat ke 3500, Bang. Kira2 sampe akhir tahun sampe ga nih kalo lihat harga coal seperti ini? --- In obrolan-bandar@yahoogroups.com, "JT" wrote: > > Paling koreksi dikit lah. J > > > > coal.png >
Re: Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines
Yes , besok ! Powered by Telkomsel BlackBerry® -Original Message- From: AB Date: Mon, 24 Aug 2009 22:44:36 To: Subject: Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines time for shorting coal stocks? - Pesan Asli Dari: "trader8...@gmail.com" Kepada: obrolan-bandar@yahoogroups.com Terkirim: Senin, 24 Agustus, 2009 21:24:25 Judul: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines Aug. 24 (Bloomberg) -- China’s unprecedented appetite for imported coal is about to be sated, jeopardizing a five-month rally in prices by adding to a global surplus of the fuel used in power plants from Perth to Chicago. After importing a record 48 million tons in the first six months, China is opening mines idled by worker deaths this year following safety upgrades in a bid to bolster economic growth. Huadian Power International Corp. expects China’s largest coal- mining province, Shanxi, to boost output by 60 percent in the second half of the year. That would mean an increase of 150 million metric tons, almost twice what Germany burns annually. With little need to buy coal outside the country, prices may tumble, falling as much as 7 percent in Europe alone, Barclays Capital says. China’s purchases will plunge 33 percent between June 30 and Dec. 31, based on the median estimate of four analysts surveyed by Bloomberg. “In the first half, China really supported the market and put a pretty firm floor under the thermal-coal price because it was sucking in so many imports,” said Andrew Harrington, an analyst at Patersons Securities Ltd. in Sydney. “It’s difficult to be confident that it will continue at such a rate.” China’s July coal imports fell 13 percent to 13.9 million tons from 16 million tons in June, a record high, customs data show today. Demand from China, which uses coal to generate about 80 percent of its electricity, helped ease a global supply glut that sent U.S. inventories to an 18-year high. Earnings Hit A retreat in prices may curb profit at Xstrata Plc, the mining company that is the biggest shipper of coal for power stations, said Nick Hatch, an analyst at ING Groep NV in London. Coal was the biggest contributor to operating earnings last year for Zug, Switzerland-based Xstrata, which boosted output of the mineral by 11 percent in the first half. “If China stops importing as much coal, it clearly may mean lower coal prices in the seaborne market, and that could have an impact on earnings,” said Hatch, who has a “buy” rating on Xstrata and mining companies Rio Tinto Group and Anglo American Plc, which also produce coal. Claire Divver, a spokeswoman for Xstrata, declined to comment. Murray Houston, the general manager for the company’s South African coal unit, said on Aug. 13 that shipments to China will increase “due to a tight domestic market.” Six-month supply contracts signed by Chinese buyers in February and March are expiring and aren’t likely to be renewed at the same amounts as global costs remain high and as domestic supplies rise, said Huang Teng, the general manager of Beijing LT Consultant Ltd., a coal consultant based in the capital city. China Prices Chinese provinces are accelerating the expansion of coal mines, the China Coal Transport and Distribution Association said in a statement on its Web site today. The reopening of small mines in regions including Shanxi will increase supplies and put pressure on prices. The benchmark price at Qinhuangdao port was unchanged for a third week at 570 yuan ($83.44) a ton on Aug. 24, according to the government-backed association. Coal futures for September delivery at Rotterdam, the benchmark for Europe, have risen 39 percent to $72 a ton on Aug. 21 from this year’s low of $51.75 on March 12. Prices rebounded from a 35 percent decline last year, when the recession slowed demand for electricity. Supplies for delivery in January are trading 7.6 percent higher than the September contract. Shrinking Premium That premium for delivery early next year may shrink because China won’t be buying as much of the world’s surplus, said Amrita Sen, a commodity analyst at Barclays Capital in London. Coal delivered at Rotterdam will fall to an average of $67.20 a ton from $72 in the first six months, she said. “China has been a key factor in providing a floor to prices and any softening in Chinese buying will pressure coal,” Sen said. “We will see a softening on a month-on-month basis in Chinese coal imports.” Prices of coal shipped from South Africa’s Richard’s Bay, which exports to Europe and Asia, posted a second straight drop last week. Export prices at the port fell 10 cents, or 0.2 percent, to an average of $64 a metric ton in the week ended Aug. 21, according to McCloskey Group Ltd. An end to the global recession may trim the surplus. China has spent 4 trillion yuan in a stimulus package designed to support its economy. The worl
Re: Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines
Mungkin saja ini strategy China untuk menekan harga Coal dari Exporter. Sent from my XL BlackBerry®. [When the heart is good, everything else is good.] -Original Message- From: AB Date: Mon, 24 Aug 2009 22:44:36 To: Subject: Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines time for shorting coal stocks? - Pesan Asli Dari: "trader8...@gmail.com" Kepada: obrolan-bandar@yahoogroups.com Terkirim: Senin, 24 Agustus, 2009 21:24:25 Judul: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines Aug. 24 (Bloomberg) -- China’s unprecedented appetite for imported coal is about to be sated, jeopardizing a five-month rally in prices by adding to a global surplus of the fuel used in power plants from Perth to Chicago. After importing a record 48 million tons in the first six months, China is opening mines idled by worker deaths this year following safety upgrades in a bid to bolster economic growth. Huadian Power International Corp. expects China’s largest coal- mining province, Shanxi, to boost output by 60 percent in the second half of the year. That would mean an increase of 150 million metric tons, almost twice what Germany burns annually. With little need to buy coal outside the country, prices may tumble, falling as much as 7 percent in Europe alone, Barclays Capital says. China’s purchases will plunge 33 percent between June 30 and Dec. 31, based on the median estimate of four analysts surveyed by Bloomberg. “In the first half, China really supported the market and put a pretty firm floor under the thermal-coal price because it was sucking in so many imports,” said Andrew Harrington, an analyst at Patersons Securities Ltd. in Sydney. “It’s difficult to be confident that it will continue at such a rate.” China’s July coal imports fell 13 percent to 13.9 million tons from 16 million tons in June, a record high, customs data show today. Demand from China, which uses coal to generate about 80 percent of its electricity, helped ease a global supply glut that sent U.S. inventories to an 18-year high. Earnings Hit A retreat in prices may curb profit at Xstrata Plc, the mining company that is the biggest shipper of coal for power stations, said Nick Hatch, an analyst at ING Groep NV in London. Coal was the biggest contributor to operating earnings last year for Zug, Switzerland-based Xstrata, which boosted output of the mineral by 11 percent in the first half. “If China stops importing as much coal, it clearly may mean lower coal prices in the seaborne market, and that could have an impact on earnings,” said Hatch, who has a “buy” rating on Xstrata and mining companies Rio Tinto Group and Anglo American Plc, which also produce coal. Claire Divver, a spokeswoman for Xstrata, declined to comment. Murray Houston, the general manager for the company’s South African coal unit, said on Aug. 13 that shipments to China will increase “due to a tight domestic market.” Six-month supply contracts signed by Chinese buyers in February and March are expiring and aren’t likely to be renewed at the same amounts as global costs remain high and as domestic supplies rise, said Huang Teng, the general manager of Beijing LT Consultant Ltd., a coal consultant based in the capital city. China Prices Chinese provinces are accelerating the expansion of coal mines, the China Coal Transport and Distribution Association said in a statement on its Web site today. The reopening of small mines in regions including Shanxi will increase supplies and put pressure on prices. The benchmark price at Qinhuangdao port was unchanged for a third week at 570 yuan ($83.44) a ton on Aug. 24, according to the government-backed association. Coal futures for September delivery at Rotterdam, the benchmark for Europe, have risen 39 percent to $72 a ton on Aug. 21 from this year’s low of $51.75 on March 12. Prices rebounded from a 35 percent decline last year, when the recession slowed demand for electricity. Supplies for delivery in January are trading 7.6 percent higher than the September contract. Shrinking Premium That premium for delivery early next year may shrink because China won’t be buying as much of the world’s surplus, said Amrita Sen, a commodity analyst at Barclays Capital in London. Coal delivered at Rotterdam will fall to an average of $67.20 a ton from $72 in the first six months, she said. “China has been a key factor in providing a floor to prices and any softening in Chinese buying will pressure coal,” Sen said. “We will see a softening on a month-on-month basis in Chinese coal imports.” Prices of coal shipped from South Africa’s Richard’s Bay, which exports to Europe and Asia, posted a second straight drop last week. Export prices at the port fell 10 cents, or 0.2 percent, to an average of $64 a metric ton in the week ended Aug. 21, according to
Re: Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines
Dow Jones U.S. Coal Index(DJI: ^DJUSCL) Index Value: *271.87* Trade Time: 10:46am ET Change: [image: Up] *7.41* * (2.80%)* Prev Close: 264.46 Open: 265.60 Day's Range: 265.53 - 272.23 52wk Range: N/A Gak bergeming tuh, masih +2.8% walau berita sdh keluar...kita gak usah over reacting dulu, lihat aja US gimana...Jangan ntar shorting2 barang malah hilang dimakan bandar [?] discl tentunya On Mon, Aug 24, 2009 at 9:44 PM, AB wrote: > > > time for shorting coal stocks? > > - Pesan Asli > Dari: "trader8...@gmail.com " < > trader8...@gmail.com > > Kepada: obrolan-bandar@yahoogroups.com > Terkirim: Senin, 24 Agustus, 2009 21:24:25 > Judul: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines > > Aug. 24 (Bloomberg) -- China’s unprecedented appetite for imported coal is > about to be sated, jeopardizing a five-month rally in prices by adding to a > global surplus of the fuel used in power plants from Perth to Chicago. > > After importing a record 48 million tons in the first six months, China is > opening mines idled by worker deaths this year following safety upgrades in > a bid to bolster economic growth. Huadian Power International Corp. expects > China’s largest coal- mining province, Shanxi, to boost output by 60 percent > in the second half of the year. That would mean an increase of 150 million > metric tons, almost twice what Germany burns annually. > > With little need to buy coal outside the country, prices may tumble, > falling as much as 7 percent in Europe alone, Barclays Capital says. China’s > purchases will plunge 33 percent between June 30 and Dec. 31, based on the > median estimate of four analysts surveyed by Bloomberg. > > “In the first half, China really supported the market and put a pretty firm > floor under the thermal-coal price because it was sucking in so many > imports,” said Andrew Harrington, an analyst at Patersons Securities Ltd. in > Sydney. “It’s difficult to be confident that it will continue at such a > rate.” > > China’s July coal imports fell 13 percent to 13.9 million tons from 16 > million tons in June, a record high, customs data show today. Demand from > China, which uses coal to generate about 80 percent of its electricity, > helped ease a global supply glut that sent U.S. inventories to an 18-year > high. > > Earnings Hit > > A retreat in prices may curb profit at Xstrata Plc, the mining company that > is the biggest shipper of coal for power stations, said Nick Hatch, an > analyst at ING Groep NV in London. Coal was the biggest contributor to > operating earnings last year for Zug, Switzerland-based Xstrata, which > boosted output of the mineral by 11 percent in the first half. > > “If China stops importing as much coal, it clearly may mean lower coal > prices in the seaborne market, and that could have an impact on earnings,” > said Hatch, who has a “buy” rating on Xstrata and mining companies Rio Tinto > Group and Anglo American Plc, which also produce coal. > > Claire Divver, a spokeswoman for Xstrata, declined to comment. Murray > Houston, the general manager for the company’s South African coal unit, said > on Aug. 13 that shipments to China will increase “due to a tight domestic > market.” > > Six-month supply contracts signed by Chinese buyers in February and March > are expiring and aren’t likely to be renewed at the same amounts as global > costs remain high and as domestic supplies rise, said Huang Teng, the > general manager of Beijing LT Consultant Ltd., a coal consultant based in > the capital city. > > China Prices > > Chinese provinces are accelerating the expansion of coal mines, the China > Coal Transport and Distribution Association said in a statement on its Web > site today. The reopening of small mines in regions including Shanxi will > increase supplies and put pressure on prices. The benchmark price at > Qinhuangdao port was unchanged for a third week at 570 yuan ($83.44) a ton > on Aug. 24, according to the government-backed association. > > Coal futures for September delivery at Rotterdam, the benchmark for Europe, > have risen 39 percent to $72 a ton on Aug. 21 from this year’s low of $51.75 > on March 12. Prices rebounded from a 35 percent decline last year, when the > recession slowed demand for electricity. Supplies for delivery in January > are trading 7.6 percent higher than the September contract. > > Shrinking Premium > > That premium for delivery early next year may shrink because China won’t be > buying as much of the world’s surplus, said Amrita Sen, a commodity analyst > at Barclays Capital in London. Coal delivered at Rotterdam will fall to an > average of $67.20 a ton from $72 in the first six months, she said. > > “China has been
Bls: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines
time for shorting coal stocks? - Pesan Asli Dari: "trader8...@gmail.com" Kepada: obrolan-bandar@yahoogroups.com Terkirim: Senin, 24 Agustus, 2009 21:24:25 Judul: [ob] Coal Rally Ending as China Shuns Imports, Opens Mines Aug. 24 (Bloomberg) -- China’s unprecedented appetite for imported coal is about to be sated, jeopardizing a five-month rally in prices by adding to a global surplus of the fuel used in power plants from Perth to Chicago. After importing a record 48 million tons in the first six months, China is opening mines idled by worker deaths this year following safety upgrades in a bid to bolster economic growth. Huadian Power International Corp. expects China’s largest coal- mining province, Shanxi, to boost output by 60 percent in the second half of the year. That would mean an increase of 150 million metric tons, almost twice what Germany burns annually. With little need to buy coal outside the country, prices may tumble, falling as much as 7 percent in Europe alone, Barclays Capital says. China’s purchases will plunge 33 percent between June 30 and Dec. 31, based on the median estimate of four analysts surveyed by Bloomberg. “In the first half, China really supported the market and put a pretty firm floor under the thermal-coal price because it was sucking in so many imports,” said Andrew Harrington, an analyst at Patersons Securities Ltd. in Sydney. “It’s difficult to be confident that it will continue at such a rate.” China’s July coal imports fell 13 percent to 13.9 million tons from 16 million tons in June, a record high, customs data show today. Demand from China, which uses coal to generate about 80 percent of its electricity, helped ease a global supply glut that sent U.S. inventories to an 18-year high. Earnings Hit A retreat in prices may curb profit at Xstrata Plc, the mining company that is the biggest shipper of coal for power stations, said Nick Hatch, an analyst at ING Groep NV in London. Coal was the biggest contributor to operating earnings last year for Zug, Switzerland-based Xstrata, which boosted output of the mineral by 11 percent in the first half. “If China stops importing as much coal, it clearly may mean lower coal prices in the seaborne market, and that could have an impact on earnings,” said Hatch, who has a “buy” rating on Xstrata and mining companies Rio Tinto Group and Anglo American Plc, which also produce coal. Claire Divver, a spokeswoman for Xstrata, declined to comment. Murray Houston, the general manager for the company’s South African coal unit, said on Aug. 13 that shipments to China will increase “due to a tight domestic market.” Six-month supply contracts signed by Chinese buyers in February and March are expiring and aren’t likely to be renewed at the same amounts as global costs remain high and as domestic supplies rise, said Huang Teng, the general manager of Beijing LT Consultant Ltd., a coal consultant based in the capital city. China Prices Chinese provinces are accelerating the expansion of coal mines, the China Coal Transport and Distribution Association said in a statement on its Web site today. The reopening of small mines in regions including Shanxi will increase supplies and put pressure on prices. The benchmark price at Qinhuangdao port was unchanged for a third week at 570 yuan ($83.44) a ton on Aug. 24, according to the government-backed association. Coal futures for September delivery at Rotterdam, the benchmark for Europe, have risen 39 percent to $72 a ton on Aug. 21 from this year’s low of $51.75 on March 12. Prices rebounded from a 35 percent decline last year, when the recession slowed demand for electricity. Supplies for delivery in January are trading 7.6 percent higher than the September contract. Shrinking Premium That premium for delivery early next year may shrink because China won’t be buying as much of the world’s surplus, said Amrita Sen, a commodity analyst at Barclays Capital in London. Coal delivered at Rotterdam will fall to an average of $67.20 a ton from $72 in the first six months, she said. “China has been a key factor in providing a floor to prices and any softening in Chinese buying will pressure coal,” Sen said. “We will see a softening on a month-on-month basis in Chinese coal imports.” Prices of coal shipped from South Africa’s Richard’s Bay, which exports to Europe and Asia, posted a second straight drop last week. Export prices at the port fell 10 cents, or 0.2 percent, to an average of $64 a metric ton in the week ended Aug. 21, according to McCloskey Group Ltd. An end to the global recession may trim the surplus. China has spent 4 trillion yuan in a stimulus package designed to support its economy. The world’s third-largest economy grew 7.9 percent in the second quarter from a year earlier after expanding at the slowest pace in almost a decade the previous three months, the statistics bureau sa
[ob] Coal Rally Ending as China Shuns Imports, Opens Mines
Aug. 24 (Bloomberg) -- China’s unprecedented appetite for imported coal is about to be sated, jeopardizing a five-month rally in prices by adding to a global surplus of the fuel used in power plants from Perth to Chicago. After importing a record 48 million tons in the first six months, China is opening mines idled by worker deaths this year following safety upgrades in a bid to bolster economic growth. Huadian Power International Corp. expects China’s largest coal- mining province, Shanxi, to boost output by 60 percent in the second half of the year. That would mean an increase of 150 million metric tons, almost twice what Germany burns annually. With little need to buy coal outside the country, prices may tumble, falling as much as 7 percent in Europe alone, Barclays Capital says. China’s purchases will plunge 33 percent between June 30 and Dec. 31, based on the median estimate of four analysts surveyed by Bloomberg. “In the first half, China really supported the market and put a pretty firm floor under the thermal-coal price because it was sucking in so many imports,” said Andrew Harrington, an analyst at Patersons Securities Ltd. in Sydney. “It’s difficult to be confident that it will continue at such a rate.” China’s July coal imports fell 13 percent to 13.9 million tons from 16 million tons in June, a record high, customs data show today. Demand from China, which uses coal to generate about 80 percent of its electricity, helped ease a global supply glut that sent U.S. inventories to an 18-year high. Earnings Hit A retreat in prices may curb profit at Xstrata Plc, the mining company that is the biggest shipper of coal for power stations, said Nick Hatch, an analyst at ING Groep NV in London. Coal was the biggest contributor to operating earnings last year for Zug, Switzerland-based Xstrata, which boosted output of the mineral by 11 percent in the first half. “If China stops importing as much coal, it clearly may mean lower coal prices in the seaborne market, and that could have an impact on earnings,” said Hatch, who has a “buy” rating on Xstrata and mining companies Rio Tinto Group and Anglo American Plc, which also produce coal. Claire Divver, a spokeswoman for Xstrata, declined to comment. Murray Houston, the general manager for the company’s South African coal unit, said on Aug. 13 that shipments to China will increase “due to a tight domestic market.” Six-month supply contracts signed by Chinese buyers in February and March are expiring and aren’t likely to be renewed at the same amounts as global costs remain high and as domestic supplies rise, said Huang Teng, the general manager of Beijing LT Consultant Ltd., a coal consultant based in the capital city. China Prices Chinese provinces are accelerating the expansion of coal mines, the China Coal Transport and Distribution Association said in a statement on its Web site today. The reopening of small mines in regions including Shanxi will increase supplies and put pressure on prices. The benchmark price at Qinhuangdao port was unchanged for a third week at 570 yuan ($83.44) a ton on Aug. 24, according to the government-backed association. Coal futures for September delivery at Rotterdam, the benchmark for Europe, have risen 39 percent to $72 a ton on Aug. 21 from this year’s low of $51.75 on March 12. Prices rebounded from a 35 percent decline last year, when the recession slowed demand for electricity. Supplies for delivery in January are trading 7.6 percent higher than the September contract. Shrinking Premium That premium for delivery early next year may shrink because China won’t be buying as much of the world’s surplus, said Amrita Sen, a commodity analyst at Barclays Capital in London. Coal delivered at Rotterdam will fall to an average of $67.20 a ton from $72 in the first six months, she said. “China has been a key factor in providing a floor to prices and any softening in Chinese buying will pressure coal,” Sen said. “We will see a softening on a month-on-month basis in Chinese coal imports.” Prices of coal shipped from South Africa’s Richard’s Bay, which exports to Europe and Asia, posted a second straight drop last week. Export prices at the port fell 10 cents, or 0.2 percent, to an average of $64 a metric ton in the week ended Aug. 21, according to McCloskey Group Ltd. An end to the global recession may trim the surplus. China has spent 4 trillion yuan in a stimulus package designed to support its economy. The world’s third-largest economy grew 7.9 percent in the second quarter from a year earlier after expanding at the slowest pace in almost a decade the previous three months, the statistics bureau said July 16. ‘Extraordinary’ Measures “Price momentum and volume momentum are so strong, it’s difficult to see why the price should go down,” said Eugen Weinberg, a senior commodity analyst at Commerzbank AG in F
