relating wlt and anr to btu downgrade is pointless. AS market stands, BTU is way overvalued compared to WLT and ANR. IF BTW worth $19 and anr worth $10 and WLT worth $14
Reuters reported today that India, already the worlds third largest coal importer, has said that almost 50 percent of its coal fired power stations only have enough supplies to last a week. Coal India (NSE:COALINDIA) the world’s largest coal producer, has not increased its output quickly enough to keep up with rising demand, according Reuters.
As quoted in the publication:
Coal imports equate to about one percent of India’s economy as state behemoth Coal India, the world’s largest coal miner, has failed to raise output fast enough to meet demand. This leads to frequent blackouts, something new Prime Minister Narendra Modi is keen to fix soon but which will raise coal shipments from countries such as Indonesia, Australia and South Africa. Coal fires more than half if India’s electricity.
lol, what a loser you are, earnings are month away. this is beginning of the squeeze of the century
with global instability and Russia issue, coal is only going higher. And dont forget news that Turkey met coal imports doubled last month and that 38% of it was from USA
UBS upgrade, more to follow. trend is up. regardless of market direction
China steel output growth doesn't gel with coking coal: Russell
The U.S. and China signed agreements on eight climate change projects Wednesday, including stricter greenhouse emission regulations from Beijing.
Four of the eight projects will focus on carbon capture utilization and storage, while another four will be on smart grids. The two countries also agreed to conduct a study on the use of gas in industrial boilers, and China said it would adopt tougher standards on heavy and light duty vehicle efficiency and greenhouse gas.
The government is looking at opening up coal mining to international competition with a proposal to price domestic output on a par with imports ? a move that will increase the cost of power. But the plan comes with a built-in stabilization fund to cushion consumers from possible adverse impact.
Sources told TOI the decision to examine the proposal was taken at an inter-ministerial meeting held on June 10, which was attended by finance secretary Arvind Mayaram, expenditure secretary Ratan Watal and coal secretary Sanjay Srivastava.
If the move goes through, the entire pricing mechanism for the fuel will undergo a change, and will be similar to the one used for petrol, diesel and cooking gas, where rates are adjusted periodically. Apart from international prices, changes in exchange rate will also have a bearing on domestic coal prices.
what makes you thin they are not. NMDC is evaluating ANR assets. I am surprised analysts ignoring that fact:
this is from early this year:
Two senior company officials said that state owned NMDC Limited is in talks with Alpha Natural Resources of the US to acquire majority stake in a coking coal mine in that country.
The Hyderabad based miner has signed a confidentiality agreement with Alpha Natural Resources and is undertaking the due diligence process for the mine. A delegation from the company may soon visit the US to assess the mine, the officials confirmed.
However, NMDC is still in the process of assessing the quantum of the investment required to buy the US coking coal asset.
so what is WLT right now?
Rising Steel Prices Force Construction Prices Higher
Provider of sheds, barns, stables and garages in Perth reveals why sheds are still a great bargain.
Perth, WA, 7 July 2014 - In April, the CEO of BlueScope Steel warned that his firm would have to raise steel prices due to skyrocketing iron ore and coking coal costs. At the time, coking coal was projected to double in price while iron ore was projected for a 65% rise. One would think that steel prices would rise by as much as 50-75%, but so far BlueScope has been able to keep their rise in the 5% range.
This, of course, has forced the construction industry to raise the prices of steel products. In the case of firms like Action Sheds Australia, though, who use BlueScope Steel, their price raises have been in the 5% range. BlueScope is the largest steel producer in Australia and usually the trendsetter in the industry. However, the number two steel producer, OneSteel, had already raised their prices by 10% during the previous year.
Most economists see the rises as “inflationary,” meaning that prices probably won’t ever return to previous levels.