Coal Demand In China Is Positive Sign For Miners: Padmesh Gupta

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Coal Demand In China Is Positive Sign For Miners
Padmesh Gupta

• By- Padmesh Gupta
• IND- 712 6657400 
• Email  info_at_guptaglobal.com

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Coal Demand In China Is Positive Sign For Miners

• Thermal coal prices from Kangarooians (
  Australia) for spot cargoes above 100 a ton ,
  lifted by reports of strikes and strong Chinese
  demand, are great news for Mining sentiments ,
  nonetheless to mention about share price of
  Glencore and Whitehaven Coal says Padmesh Gupta.

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Padmesh Gupta

• A tough action on illegal/unwarranted mining and
  concerned pollution in China has restricted
  in-house supplies, just as a heat wave and lower
  hydro power output have notch up demand for coal
  for power generation, resulting to increase in
  price .

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Gupta Corporation Limited

• The same constraints in 2016 increased prices to
  114 a ton and miners are again foreseeing
  unexpected revenues or profit, although market is
  not reliable and subjected to change anytime .
• "Coal demand remains strong, especially in Asia,"
  said Paul Flynn, managing director of Whitehaven
  Coal (WHC.AX).

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Padmesh Gupta Coal

• "In recent times import of thermal coal to china
  has increased by huge margin then what was
  expected and added with weather related problems
  on supply from Indonesia and some production
  issues in Australia, have pushed up the price of
  seaborne thermal coal."

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Padmesh Gupta Nagpur

• Adding grist to the mill are news of more
  organized attack at Australia's Hunter Valley
  mine, as well as weather-related supply
  disruptions in Indonesia, are acting as a
  catalyst to increase the price of thermal coal in
  china ,extracted and observed by Padmesh Gupta
  from Nagpur .

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• Website www.padmeshgupta.com/blog/
• By- Padmesh Gupta
• IND- 712 6657400 
• Email  info_at_guptaglobal.com