|  Author | Topic: Coal/Steal Sector Is Hot Again (Read 2,091 times) |
cmkm2008
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|  | Coal/Steal Sector Is Hot Again
« Thread Started on Oct 4, 2011, 8:52am » | |
Newcastle Weekly Coal Exports Rise 16%; Ship Queue Shortens
Oct. 4 (Bloomberg) --Coal shipments from Australia’s Newcastle port rose by 16 percent last week. The queue of ships waiting to load coal cargoes dropped to 1 from 4, Newcastle Port Corp. said on its website today.
http://www.bloomberg.com/news/2011-10-04....html?cmpid=yhoo
Bad news on banks and everywhere else and at least there is a good new for coal sector:
Related stocks: Coal + Food stocks are looking good!
PCX CLF WLT ACI BTU ANR CAT + CF RIO BHP .....
Coal Outlook Is Promising For Investors
http://seekingalpha.com/article/298176-c....rs?source=yahoo
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cmkm2008
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cmkm2008
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| | Re: Some good news for some sector
« Reply #2 on Oct 5, 2011, 6:16pm » | |
Typhoon Nalgae Hits South China - There are 3 typhones in last 10 days...
GUANGZHOU, Oct. 4 (Xinhua) -- China issued an alert for sea waves and storm surges after the strong tropical storm Nalgae landed in south China's Hainan Province on Tuesday afternoon, which later weakened to a tropical storm.
The forecast center of China South Sea under the State Oceanic Administration issued a yellow alert, the second-lowest alert level, at 2 p.m., warning of sea waves of 2.5 to 5 m and storm surges of 40 to 100 cm from Tuesday afternoon to Wednesday, according to the alert.
Local weather forecast bureau in Guangdong Province said downpours would last in the next three days, bringing down the temperature by three to five degrees Celsius.
http://www.youtube.com/watch?v=ixX0jfqrKpk
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Japan Iron Ore Imports At 12 Million Tonnes in August (Hitting high level 1st time since 2008) - CLF may go wild!!!!!!!!!
Freight News Japan iron ore imports at 12 million tonnes in August 2011
Japan iron ore imports at 12 million tonnes in Aug 2011
Wednesday, 05 October 2011 15:49
According to iron ore imports statistics for August announced by the Japanese Ministry of Finance on September 21, iron ore imports into Japan in August turned out to be 12.248 million tonnes hitting a high level for the first time since October 2008 which had iron ore imports of 13.328 million tonnes.
Iron ore import unit price in August was 13,868 yen per tonne. Average exchange rate in August was 77.89 yen to a dollar, 2.53 yen higher against the dollar than the previous month.
Source: Tex Report
http://leeuniversal.blogspot.com/2011/10....12-million.html
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Commodity News China's crude steel output rises 10.6%
China's crude steel output rises 10.6%
Tuesday, 04 October 2011
China's crude steel output increased 10.6 percent year-on-year to 469.28 million tonnes in the first eight months, according to the National Development and Reform Commission (NDRC).
The growth rate was 4.7 percentage points lower than that in the same period a year ago, the ministry said on its website.
In August, the steel output rose 13.8 percent year-on-year,compared with a drop of 1.1 percent a year earlier.
Steel prices edged up in August. The composite domestic price index advanced to 135.17 points, up 1.07 points from July, and 18.93 points from a year ago.
Steel export dipped 250,000 tonnes from July to 4.19 million tonnes, while import increased 110,000 tonnes to 1.35 million tonnes.
The steel industry earned 180.3 billion yuan (28.35 billion U.S. dollars) of profit in the first seven months, up 29.2 percent year-on-year.
http://www.chinadaily.com.cn/china/2011-10/03/content_13835028.htm
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cmkm2008
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| | Re: Some good news for some sector
« Reply #3 on Oct 10, 2011, 6:05pm » | |
China plans to limit coking coal mining - Monday, 10 Oct 2011
Bloomberg reported that China plans to limit the mining of coking coal under regulations that the National Energy Administration will issue soon.
The China Securities Journal, citing the unidentified people, reported that companies seeking government approval to explore for coal will face more stringent criteria, while mines will be required to boost production efficiency.
But Mr Zhang Weifang analyst at Mysteel.com said “Surging prices have spurred investors to pursue coal assets in Inner Mongolia and other regions. The new rules will probably aim to curb these activities, rather than limit output that will cause prices to rise further.”
Domestic prices of coking coal have more than doubled in the past six years as demand increases in China. Prices of hard coking coal sold by Shanxi Coking Coal Group in China climbed to a record CNY 1,902 per tonne as of June 30, according to the McCloskey Group Ltd. As of the end of last month, the prices were at CNY 1,871 per tonne.
Higher global prices have also encouraged coal producers to increase exports even as domestic shortfalls continue. China, a net importer of coking coal, boosted exports of the commodity to South Korea, North Korea and Taiwan in August by five fold from a month earlier to 461,489 tonnes.
http://www.steelguru.com/raw_material_ne....ort/229124.html
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cmkm2008
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| | Re: Some good news for some sector
« Reply #4 on Oct 11, 2011, 9:57am » | |
Shanxi Coking Coal up to 298 USD/ton
Several items of note in the news:
Coking coal price keeps rising, along with steel demand. See more news on Bloomberg lately, among them:
1>
http://www.steelguru.com/raw_material_ne....ort/229124.html
2) Also note the power plants are buying up coal for winter from Qinhuangdo port, driving the prices even further:
http://www.bloomberg.com/news/2011-10-10....unge-25-1-.html
3) A competitor has been shutdown as a result of their mine deaths.
4) The shutdown on the Daqin railway is over, so coal flow will resume uninterrupted. Repairs are done now and coal can flow from Qinhongdao to Datong. Not sure if Puda uses this transit.
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cmkm2008
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| | Re: Some good news for some sector
« Reply #5 on Oct 14, 2011, 6:57am » | |
Rio Tinto sees record iron ore sales and big rise in hard coal, but copper worries
Friday, 14 October 2011
Mining giant Rio Tinto sought to brush off fears of a global economic crisis on Thursday, reporting record iron ore sales and a 5 percent jump in output for the third quarter,predicting continued strong commodities demand.
Rio missed forecasts for copper, its second-largest division, with output down by almost a third after a strike and analysts remain concerned about the longer term outlook for its biggest market in China, despite the company's bullish tone.
"We are operating at full capacity, selling all we produce and our growth programme is on track, supported by the strength of our balance sheet," Chief Executive Tom Albanese said in the company's quarterly production report.
"Whilst we are mindful of current market volatility, the fundamentals are holding up well, particularly for bulk-traded commodities," he said.
Rio Tinto, the world's second largest iron ore miner after Vale of Brazil, kept its 2011 forecast for record production of more than 240 million tonnes and said third-quarter output had jumped 5 percent to 64 million tonnes.
China imported 60.57 million tonnes of iron ore in September, the highest monthly volume since January.
BHP Billiton's iron ore resources are also dominated by mines in Australia and it also is producing more. It ran at the higher annualised production rate of 165 million tonnes in the September quarter of this year, well above last year's rate of 144 million tonnes.
Rio Tinto's output of hard coking coal, another steel-making raw material, rose 14 percent in the third quarter from a year earlier and soared 55 percent from the second quarter as Rio Tinto's flood-stricken Australian mines returned to normal.
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cmkm2008
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| | Re: Some good news for some sector
« Reply #6 on Oct 14, 2011, 10:59am » | |
Coal shortage hits India -Oct 12
New Delhi, Oct 12 (IANS) A severe shortage of coal has hit electricity output in the country and led to long and frequent power outages in many states, including the national capital, Maharashtra, Karnataka and Andhra Pradesh.
Most of the plants of the National Thermal Power Corporation (NTPC), the country's largest power producer, have been generating significantly less power than their installed capacity for the last couple of weeks due to the shortage of coal supply, an official said Wednesday.
Heavy rains in coal producing areas and a two-day strike by workers of Coal India compounded the problems of many power plants across the country, he said.
Talking to reporters here, Power Secretary P. Uma Shankar said said the government would sell coal to power companies through e-auctions to address their concerns.
'The coal secretary has told us that the coal ministry will be able to spare some of the coal that would be sold through e-auctions, provided the developer picks up the coal from the pithead,' Shankar said.
Coal India, the largest coal miner in the country, sells about 10 percent of its total output through the e-auction route. It is, however, not clear how much coal will be diverted to power producers.
The national capital Delhi has been facing frequent power cuts for over a week.
'It is causing a lot of troubles. There has been frequent power cut. At least for 4-5 hours, we have to live without power,' said D.V. Soni, a resident of east Delhi.
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cmkm2008
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| | Re: Some good news for some sector
« Reply #7 on Oct 27, 2011, 8:09am » | |
CAT - Caterpillar 3Q Sales and Revenues an All-Time Record; Thousands of Jobs Added.
Continued improvement in demand, a company-wide focus on effectively managing the ramp-up through the Caterpillar Production System, and focused cost management drove third-quarter sales and revenues and profit for Caterpillar Inc. The company reported third-quarter 2011 profit per share of $1.71, up 40 percent from $1.22 per share in the third quarter of 2010. Profit was $1.141 billion, an increase of 44 percent from $792 million in the third quarter of 2010. Sales and revenues of $15.716 billion, an all-time record for the company, were up 41 percent from $11.134 billion in the third quarter of 2010.
http://www.worldleasingnews.com/news/cat....-of-jobs-added/
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BTU - Peabody Energy Announces Results for the Quarter Ended September 30, 2011
- Revenues rise 9% to record $2.04 billion
- EBITDA totals $504 million with operating profit of $376 million
- Diluted EPS is $1.01 with adjusted diluted EPS of $0.87
- Cash flow from operations increases 34% to $575 million
- Targeting record year with expected EBITDA of $2.125 - $2.325 billion and adjusted diluted EPS of $3.70 - $4.15
- Completing acquisition of Macarthur Coal
http://finance.yahoo.com/news/Peabody-En....3.html?x=0&.v=1
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cmkm2008
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| | Re: Some good news for some sector
« Reply #8 on Oct 27, 2011, 12:09pm » | |
CNX - Coal miner Consol's Q3 profit rises, stock soars
http://finance.yahoo.com/q?s=cnx&ql=1
Thu Oct 27, 2011 12:35pm EDT
* Q3 net profit 73 cts/shr v Wall St view 68 cts/shr
* Revenue of $1.4 billion is company's highest Q3
* CEO sees growth in exports to China
* Stock rises 9 percent
By Steve James
Oct 27 (Reuters) - Coal and natural gas producer Consol Energy Inc's third-quarter profit more than doubled on higher prices for its steel-making coal, beating Wall Street estimates and sending its stock soaring.
The company also raised its annual dividend 25 percent and said it was focused on exporting more coal to steelmakers in Asian markets, especially China.
"If the Chinese economy is slowing down with respect to its appetite for U.S. coals, no one has told the Chinese," Bob Pusateri, vice president for sales and marketing, told analysts on Thursday.
"They are very active in the marketplace with us and we are looking forward to a very robust year in 2012," he said on a conference call to discuss third-quarter results.
Pusateri said Consol expected to export 10 million to 10.5 million tons of coal this year, with about 3.5 million tons of that high-volatility metallurgical coal to China.
Chief Executive Officer Brett Harvey said he just returned from China, which is "a very mature growing market.
"The volumes are big, the customers are big, things are happening over there and we really see where our products can go over there into that volume," Harvey said.
"Clearly we are bullish on the international markets because that is a a growing market. The world is, for lack of a better term, starved for BTU's (British thermal units of heat) and coal and they are going to use it."
In afternoon trading on the New York Stock Exchange, Consol shares were 9 percent higher at $44.75.
Earlier, Consol reported net third-quarter income of $167 million, or 73 cents per share, compared with $75 million, or 33 cents per share, a year earlier.
Analysts on average were expecting earnings of 68 cents per share, according to Thomson Reuters I/B/E/S.
Revenue rose to $1.4 billion -- Consol's highest ever for a third quarter, the Pittsburgh-based company said.
Most of the increase came from much higher average realized prices from steel-making metallurgical coal sales. The average was $209 per ton, up from $165.61 per ton a year earlier.
For the second consecutive quarter, Consol generated more cash from its metallurgical business than from thermal, or steam coal, which is used to power electricity generation.
But the company said profitability in its natural gas business division slipped from the 2010 quarter, despite 13 percent higher gas volumes. Unit gas margins fell, primarily due to a decrease in realized gas prices, it said, while unit gas costs declined, mostly because of higher proved reserves.
Consol expects overall unit costs to continue to decline over time as the company increases its emphasis on low- cost drilling in the Marcellus Shale region of the northeastern United States.
"The (earnings) beat was primarily the result of better-than-expected cost control in the coal segment," said analyst Lucas Pipes of Brean Murray, Carret & Co.
He noted coal cash costs of $49.07 per ton were below his estimate of $50.45, while coal cash margins increased slightly from the second quarter.
But Jordi Dominguez, of Societe Generale, said Consol's potential was affected by narrow natural gas margins.
"The current low natural gas price environment limits the company's upside, especially as the company's cost of natural gas production remains around $4/Mcf (thousand cubic feet) while natural gas prices trade below that level."
In the third quarter, Consol produced 14.7 million tons of coal -- in line with its estimate -- and it anticipates fourth-quarter production of 14.7 million to 15.3 million tons and full-year production of 62 million to 62.6 million tons.
Consol's board of directors increased the regular annual dividend 25 percent, or 10 cents per share, to 50 cents per share. The regular quarterly dividend of 12.5 cents per share, is payable on Nov. 25, to shareholders of record on Nov. 11.
http://www.reuters.com/article/2011/10/2....an yNews&rpc=43
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cmkm2008
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| | Re: Some good news for some sector
« Reply #9 on Oct 27, 2011, 6:19pm » | |
Thu Oct 27, 2011 - Cliffs Natural Resources (CLF) Q3 profit beats Street
* Q3 EPS $4.07 vs est $3.68
* Rev rises 60 pct to $2.1 bln
Oct 27 (Reuters) - Cliffs Natural Resources Inc's third-quarter profit beat market expectations, helped by higher sales volume at its iron ore business and better pricing.
The Cleveland-based miner's net earnings almost doubled to $590 million, or $4.07 per share, from $297 million, or $2.18 per share, a year ago.
Revenue rose 60 percent to $2.1 billion.
Analysts on average had expected the company to earn $3.68 per share on revenue of $2.16 billion, according to Thomson Reuters I/B/E/S.
Earlier this year, Chief Executive Officer Joe Carrabba told Reuters that Cliffs would fall short of its production targets for steelmaking coal this year, but orders for iron ore were strong.
Cliffs' third-quarter iron ore pellet sales volume in the United States increased 14 percent to 7.9 million tons.
For 2011, the company expects U.S. iron ore revenue to be about $135-$140 per ton, up from its previous expectation of $130-$135 per ton.
Shares of the company were trading up slightly at $70.5 in extended trade on Thursday. They closed at $69.49 on Thursday on the New York Stock Exchange.
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