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China’s Coal Price Slump Likely to Persist Until Start of Summer
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners. The country’s benchmark thermal coal price is down by around a quarter since early October as record output coincided with lackluster industrial demand and a relatively mild winter. The declines have steepened since late February, with prices dropping 11% to 825 yuan ($114) a ton over the last five weeks. Power plants starting months-long seasonal maintenance are likely to add to the bearish sentiment, China Electricity Council said in a ... (full story)
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post: OPEC+ JMMC DOESN'T RECOMMEND ANY CHANGE IN OIL POLICY - OPEC+ DELEGATE. post: OPEC+ RENEWS REQUEST FOR BETTER COMPLIANCE WITH OUTPUT CUTS.53rd Meeting of the Joint Ministerial Monitoring Committee The 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 03 April 2024. The JMMC reviewed the crude oil production data for the months of January and February 2024 and noted the high conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC). The Committee welcomed the Republic of Iraq and the Republic of Kazakhstan pledge to achieve full conformity as well as compensate for overproduction. The Committee also welcomed the announcement by the Russian Federation that its voluntary adjustments in the second quarter of 2024 will be based on production instead of exports. Participating countries with outstanding overproduced volumes for the months of January, February and March 2024 will submit their detaile post: #OPEC +: The Committee will continue to closely assess market conditions and noted the willingness of the DoC countries to address market developments and their readiness to take additional measures at any time building on the strong cohesion between OPEC and participating… https://t.co/f851vBKGiP
Russia’s leading natural gas and LNG exporters, Gazprom and Novatek, have taken the first tentative steps towards redirecting their sales volumes to the East as Moscow’s standoff ...
China on Tuesday firmly rejected the United States' accusation of implementing "non-market" trade policies and practices, as well as setting barriers in areas such as agricultural ...
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In February 2024, industrial prices changed by 0.06% from January 2024, first positive result of the indicator after three negative figures in a row. In this comparison, 14 of the ...
The National Institute of Statistics and Geography (INEGI) presents the results of the Monthly Indicator of Gross Fixed Capital Formation (IMFBCF). This allows us to know the ...
Private sector employment increased by 184,000 jobs in March and annual pay was up 5.1 percent year-over-year, according to the March ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees. The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period. post: ? ADP REPORT: THREE BIGGEST INCREASES FOR MARCH JOB-CHANGERS WERE IN CONSTRUCTION, FINANCIAL SERVICES, MANUFACTURING
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- Posted: Apr 3, 2024 7:48am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 234