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Mar 23, 2011

Asia Coal-Australian thermal weak on Japan demand, but bottom seen

PERTH, March 23 (Reuters) – Australia’s thermal coal prices,
a benchmark for Asia, extended their decline during the past
week as near-term weakness in Japanese demand weighed on the
market.

But traders said prices may have bottomed out, as coal
cargoes turned away from some Japanese utilities found homes.

Mar 22, 2011

Iron ore market seen tight as Japan rebuilds – Rio Tinto

PERTH (Reuters) – Tight global iron ore supplies could be stretched even further by a massive rebuilding effort in Japan while equipment shortages will prevent miners from ramping up production, global miner Rio Tinto (RIO.AX: Quote, Profile, Research)(RIO.L: Quote, Profile, Research) said.

The damage from the massive earthquake and tsunami in Japan on March 11 had widespread implications for the global mining sector, Sam Walsh, Rio Tinto’s iron ore division chief, told an industry conference on Tuesday.

Mar 22, 2011

Iron ore market seen tight as Japan rebuilds after quake -Rio Tinto

PERTH, March 22 (Reuters) – Iron ore supplies remain
scarce as markets begin to realise the huge scale of
reconstruction required in quake-hit Japan, but prices are
dropping as demand shrinks on tightening moves by top consumer
China, global miner Rio Tinto said.

The damage from the massive earthquake and tsunami in Japan
held wide implications for the mining sector, Sam Walsh, Rio
Tinto’s iron ore division chief, told an industry conference.

Mar 17, 2011

Asia Coal-Thermal coal bearish short-term on Japan quake

* Ships turn back from damaged ports, shut plants

* Japan utilities look to swap some cargoes

* Annual thermal contract negotiations delayed

By Rebekah Kebede

PERTH, March 16(Reuters) – Australia’s thermal coal prices,
a benchmark for Asia, slipped this week as demand in quake-hit
Japan tumbled for the short-term, with many coal-fired plants
shut and vessels unable to discharge coal at some ports.

Thermal coal on the globalCOAL Newcastle index for the week
to date was $125.79 per tonne on Wednesday, down from $130.33 a
week earlier.

Mar 16, 2011

Asia spot LNG dries up as suppliers ship to Japan

PERTH, March 16 (Reuters) – Asia’s spot liquefied natural
gas (LNG) market has dried up this week as producers earmarked
extra cargoes for Japanese utilities, rather than put them up
for spot sale.

About a fifth of Japanese nuclear power plant capacity, or
9,702 megawatts, was shut after a massive earthquake last week,
which analysts have predicted will mean a surge in Japan’s LNG
demand. [ID:nL3E7EE025] [ID:nL3E7EF1CF]

Mar 16, 2011

Asia spot LNG dries up as producers funnel supplies to Japan

PERTH, March 16 (Reuters) – Asia’s spot liquefied natural
gas (LNG) market has dried up this week as producers earmarked
extra cargoes for Japanese utilities, rather than put them up
for spot sale.

About a fifth of Japanese nuclear power plant capacity, or
9,702 megawatts, was shut after a massive earthquake last week,
which analysts have predicted will mean a surge in Japan’s LNG
demand.

Mar 11, 2011

Global LNG-Japan tsunami bullish for Asia LNG spot market

PERTH, March 11 (Reuters) – The Asian spot market for liquefied natural gas
was bracing for a spike in demand from Japan, the world’s largest LNG buyer,
after the nation was hit by a record-setting earthquake and tsunami on Friday
afternoon.

“It’s bullish news for the LNG market. It’s much too early to get an idea of
(how much), but Japan will have to turn to more spot LNG cargoes,” Tony Regan,
an analyst with Tri-Zen Capital in Singapore said.

Mar 3, 2011

Australian LNG projects should not be charged carbon tax: APPEA

PERTH (Reuters) – Australia’s government should ensure the nation’s booming liquefied natural gas industry not be charged a proposed carbon tax, or risk a switch to dirtier fossil fuels, Australian Petroleum Production & Exploration Association (APPEA) said on Thursday.

“We’ll be looking for a design that sees the expansion of natural gas and that is the fundamental and common-sense test of success,” APPEA’s chief executive, Belinda Robinson, told Reuters.

Mar 1, 2011

Asia Coal-Australia thermal coal prices slip to $132/tonne

PERTH, March 1 (Reuters) – Australia’s thermal coal prices,
a benchmark for Asia, slipped to $132 a tonne versus last week
in a thinly traded market which is largely awaiting the results
of annual contract negotiations between Australian producers and
Japanese utilities.

Thermal coal on the globalCOAL Newcastle index for the week
to date closed at $132 a tonne on Monday, down from $136.50 a
week earlier and was up from $131.71 on Friday.

Feb 25, 2011

Global LNG-Asia spot steady, demand slows as spring nears

PERTH, Feb 25 (Reuters) – Asian spot prices of liquefied
natural gas (LNG) held steady this week, hovering at the $10 per
million British thermal unit (mmBtu) mark in a very thinly
traded market.

“There are little pockets of demand for the second half of
March and April, but nothing dramatic at the moment. It’s
looking pretty stable in terms of pricing,” one Singapore-based
trade source said.

    • About Rebekah

      "Based in Perth, Australia, I cover coal and gas in Asia. Before moving to Perth, I covered oil and fuels like gasoline and diesel in New York City, including the climb of oil prices to a record high near $150 per barrel."
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