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Growing
Indonesian coal prices dampen Chinese buying interest
Chinese buyers shunned purchases of
Indonesian thermal coal as its prices have been rising sharply, traders
reported.
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Thermal
coal
Domestic
market
Production
area Mines' production resumption went slowly in
Yulin district of Shaani; local large mines maintained normal production and
mainly supplied
Chinese buyers shunned purchases of Indonesian thermal coal as its prices have been rising sharply, traders reported.
On February 21, the Fenwei CCI Index for Indonesian 3,800 kcal/kg NAR
China's spot thermal coal market headed down on February 21 after several days of faltering, meeting expectations of a halt of lingering strength owing to utilities' slack buying.
Despite
China's customs administration is testing coal imports for reasons including environmental protection, a foreign ministry spokesman said on February 21.
Spokesman Geng Shuang made the com
Customs at China's northern Dalian port has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12 million tonnes, an official at Dalian Port Group tol
Traders were generally scrambling to sell spot thermal coal at northern Chinese ports, in response to shrinking buying activity from power plants.
This has resulted in a pause of price ri
Prices of Indonesian thermal coal sold to China jumped to a four-month high, prompted by weak competition from Australia coal, shrinking supply and robust demand from Indian buyers.
On Fe
Thermal coal
Domestic market
Production area The majority of coal mines in Yulin of Shaanxi that halted production after an accident haven't nailed down resumption schedules, and some may
China's monthly-issued price index of power generation coal declined 2.14% month on month to 511.02 yuan/t in January, hitting a 17-month low since September 2017, showed data from the National Develo
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Mongolia exported 2.16 million tonnes of coal in January, increasing 8.43% year on year, showed the data from the National Statistics Office of Mongolia.
However, Mongolia'
Spot prices of thermal coal traded at
northern China ports are likely to inch up further into the end of this month,
industry analysts noted, fueled by renewed purchase interest from traders and
ce
Customs at China's northern Dalian port has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12 million tonnes, an official at Dalian Port Group tol
Prices of Indonesian thermal coal sold to China jumped to a four-month high, prompted by weak competition from Australia coal, shrinking supply and robust demand from Indian buyers.
On Fe
China's customs administration is testing coal imports for reasons including environmental protection, a foreign ministry spokesman said on February 21.
Spokesman Geng Shuang made the com
Chinese traders are halting purchases of Australian thermal and coking coal as clearing times through China's customs have at least doubled to 40 days or more, four traders at major buyers told Reuter
Traders were generally scrambling to sell spot thermal coal at northern Chinese ports, in response to shrinking buying activity from power plants.
This has resulted in a pause of price ri
Prices of Indonesian coal offered to the Chinese market continued inching up, traders reported, but trading activities remained inactive due to wide price spread.
On February 19, the Fenw
Prices of spot thermal coal seemed leveling off at Bohai-rim ports in northern China following slowed growth signs first appeared on February 18.
Bullish sentiment among traders seemed to
The short-term outlook was divided among market participants for Chinese spot thermal coal market.
Some suppliers are betting on a stronger market as shortage of premium coals may further
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