The Magazine for Asian Investors
Following the U.S. ban on imports of Russian oil, gas, and coal, all eyes are on Europe and whether Europe, which is heavily dependent on energy products, will follow the U.S. example. The question is not so much whether one…
The China Customs Administration (GAC) reported that China’s coal imports fell 14% in January and February after Indonesia, China’s largest coal supplier, suspended exports for a month in January. As a result, coal imports were delayed. According to GAC, China,…
Coal prices remain out of control. Since the Russian army invaded Ukraine, coal prices have skyrocketed. The benchmark Newcastle coal futures have risen 101% since the beginning of February and over 65% in the last 7 days. At the moment…
Prices for thermal coal rose by over 30% yesterday after Western countries imposed sanctions on Russian banks. Thermal coal price rose 31.82% to $435 per ton yesterday. Newcastle coal futures rose 27.8% to $400 per ton yesterday. The sharp rise…
Ukraine is at the moment the scene for the next crisis with mainstream media focusing on current events leaving people paralyzed. Having said that, investors need to think especially in such times when global stock markets or crypto markets are…
Trade relations for energy products between Russia and Germany go back for many decades. Even in times of great disagreements, such as the Cold War, gas supplies from Russia were not interrupted. Now, since yesterday, Russian troops have crossed the…
China continues to rely on coal-fired power, at least that is how the new investment in new coal mines in the Shaanxi region and Inner Mongolia can be explained. A total of three new projects, two in Shanxi and one…
The situation in Ukraine seems to be getting worse, at least that is what we are told by the mainstream media in the West. From the Russian side, one gets the impression that they are more dragged into this conflict…
The largest coal exporting country Indonesia has temporarily suspended the operations of over 1,000 miners for violating the country’s internal regulations. According to the Minerals and Coal Directorate General of the mining ministry, the miners have not submitted work plans…
Coal remains a hot commodity in 2022 even after a very good year in 2021. The coal price has already risen over 32% YTD and is currently trading at $183.00 per ton. The benchmark Newcastle Coal is also continuing to…
