comexsolutions

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Comex Solutions Ltd is a young and dynamic trading company based in London. Our Primary business is to trade in various raw materials used in steel manufacturing and Power Generation Corporations around the Globe. 

Our main trading activities involve Ferrous Minerals and Carbon Products.

Ferrous Minerals

Iron Ore is our main area of ferrous mineral trade, constituting 5% of the earth's crust; almost all extracted Iron Ore around the world is used for manufacturing Pig Iron which in turn is used as the fundamental raw material for Steel Manufacturing. Steel products being the most commonly used metal in day to day life by consumers makes Iron Ore one of the most precious mineral resource for the world economy. An estimated 2.2 Billion Tons of Iron Ore was mined around the world in 2009, and with ever growing demand for finished steel products, further growth in the extraction figure is inevitable. 

We market Iron Ore Lumps and Fines of South American and Indian Origin. 

Carbon Products

The main carbon products we deal in are Metallurgical & Thermal Coal from Australia, Russia and Indonesia. 

Thermal Coal, also known as Sub-Bituminous Coal is mainly used for Steam-Electric Power Generation. The heat content of such Coal typically varies from 4100 Kcal/Kg - 6500 Kcal/Kg, where the moisture level is between 20%-30%. It is estimated that half of proven world coal reserves consist of Sub-Bituminous Coal. Although typically low in heat calorific value than Bituminous Coal, it is still the preferred coal by Electric Power Industry due to its low sulphur content. Lower Sulphuric content reduces SO2 emission in the atmosphere upon burning. 


Metallurgical Coal, also know as Bituminous Coal or Coking Coal is predominantly used as a reducing agent in Iron Smelters to produce Iron.  Metallurgical coal is converted into Coke and then used in blast furnaces to smelt iron ore. Total Coking Coal trade in 2010 represented 25% of Global Coal exports estimating 270 Million Tons, making it a very lucrative commodity market for exporters and traders alike. 

Industry News

Commodity

Comoddity
Origin
Destination
Us$/Tonne
Iron
Ore 63.5%
CRF
Quingdao
$146-$147
Iron
Ore 62%
CFR
Quingdao
$144-$145
Coal
12K Btu/lb
FOB
Newcastle
$116.94
06th,Mar 2012

Frieght rates

Type Route $ / Tonne
Capsize
Australia
China
$8.00
Supermax
India
China
$11.50
Capsize
Brazil
China
$20.00
05th,Mar 2012

News

Statement by USW Internation...

06th,Dec 2011

  SOURCE United Steelworkers (USW) PITTSBURGH, Dec. 6, 2011 /PRNewswire-USNewswire/ -- The record penalty imposed as a resul... Read more
China Steel, Vale agree on O...

06th,Dec 2011

  Source: TAIPEI/SINGAPORE (REUTERS)   China Steel, Taiwan's top steelmaker, has agreed a 23 percent cut in iron ore pri... Read more
Australia passes carbon tax ...

08th,Nov 2011

  Source: Financial Times, Hong Kong Australia has joined the group of countries taxing carbon emissions after its senate on Tuesday a... Read more
Past news