Weekly global coal market news summary (Jun 4 – Jun 8)

sxcoal.com Thermal Coal 2018-06-08 17:59:00

Australian coal prices hit 6-year high as Asia demand spikes Australian thermal coal prices have risen to their ......

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1 Australian state leader calls for timeline on Adani coal mine approvals 2019-05-22

Australia's Queensland state premier on May 22 called for India's Adani Enterprises to sit down with the state regulator to work out a definitive timeline to obtain approvals for a controversial coal

2 Iron ore prices expected to pull back in Q3, NDRC 2019-05-22

Iron ore prices are expected to start falling back in the third quarter, showed a forecast from China's top economic planner, as supply is poised to increase while demand growth could be limited.

3 SDIC, Huaneng Caofeidian ports cut lump-sum charges 2019-05-22

SDIC and Huaneng Caofeidian ports announced to lower lump-sum charges on May 22, said their operators in notices released on May 21. The two ports both cut lump-sum charges by 2 yuan/t to

4 China Coal Daily Track (May 22) 2019-05-22

Thermal coal Production area Most coal mines kept a balance between production and sales in Shaanxi's Yulin while a few mines said downstream buying passion soured and inventories started pilin

5 Tanghu rail line sees coal transport capacity triple 2019-05-22

Tanghu rail line (Tangshan-Huhhot) has seen its coal transport capacity triple after expansion construction work was finished on May 21, sources reported. As one of the most importa

6 Thermal coal prices edge lower at N China ports on weak demand 2019-05-22

Spot thermal coal prices moved slightly down at northern Chinese ports amid weak demand from utilities that currently have ample stockpiles and steady long-term supply. On May 21, the Fen

7 Australian thermal coal prices weaken after currency loses 2019-05-22

Offer prices of Australian thermal coal softened after holding steady for a week, as Australian dollar came under pressure again on May 21 when Reserve Bank of Australia (RBA) signaled possible intere

8 German registers 19% fall in Q1 coal-fired power generation 2019-05-22

German lignite- and hard coal-fired power generation fell 19% year on year in the first quarter of 2019, while renewables surged 16%, utility group BDEW said. Hard coal-fired power output

9 China's 1st electricity spot price comes into being in Guangdong 2019-05-22

The first spot electricity settlement price came into existence in southern China's Guangdong province, state media reported. Locational marginal power price for end-users ave

10 India's thermal coal output seen growing 4.3% annually till 2028: Report 2019-05-22

Fitch Solutions on May 21 said India's thermal coal output is projected to grow at an average annual rate of 4.3% by 2028. "In absolute volume terms, China and India will have the largest

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1 Falling Chinese yuan dampens domestic buying appetite for import coal 2019-05-14

Chinese buying interest for overseas thermal coal subdued, due to the fall of Chinese yuan triggered by the suspension of China-US trade negotiations after the U.S President Donald Trump raised tariff

2 Chinese traders expect a weaker spot thermal coal market this week 2019-05-13

Chinese traders anticipated thermal coal prices to weaken at northern China's Bohai-rim ports this week following stableness in the past week. Utilities' buying appetite has stayed lukewa

3 High cost to limit downside room for China thermal coal 2019-05-15

Spot thermal coal prices are less likely to drop much at northern China ports, underpinned by firm cost and expectations for pre-summer stockpiling. It is more likely for spot price

4 China adopts further measures to lower power price 2019-05-16

China announced to adopt the second batch of measures to help realize the country's yearly target of reducing power price by another 10% in industrial and commercial sectors, said a government stateme

5 China to allow users to apply for tariff exemption on US goods, coal on the list 2019-05-17

China announced on May 13 that it will allow part of US imports free from additional tariffs after granting the applications of relevant interest parties. Coking coal, as well as anthracite and other

6 Indonesian thermal coal prices soften on lack of demand 2019-05-16

Offer prices of Indonesian spot thermal coal cargoes edged down amid a lack of demand from Chinese buyers rattled by the falling Chinese yuan caused by US-China trade rift. One Zhejiang-b

7 Import thermal coal comes under pressure amid poor China demand 2019-05-17

Following further decline of Chinese yuan amid escalation of US-China trading rift, import thermal coal prices edged lower late this week, and will probably remain under pressure in the short term, tr

8 Weekly global coal market news summary (May 13-May 17) 2019-05-17

Import thermal coal comes under pressure amid poor China demand Following further decline of Chinese yuan amid escalation of US-China trading rift, import thermal coal prices edged lower lat

9 A 3rd round met coke price hike looms in China amid tight supply 2019-05-16

Several producers in Jiexiu of Shanxi have proposed to increase met coke price further by 50 yuan/t on the back of active trading. The new offer of Quasi Grade I coke with 0.7% sulfur and

10 China's railway freight cuts spur concerns on spot thermal coal retreat 2019-05-16

Concerns over possible retreat of spot thermal coal prices were growing among participants at Bohai-rim ports in northern China, after several railway branches under the China Railway Corporation (CRC

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