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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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China is said to possibly maintain its tight controls on import coal for the coming months after February, an expectation among market players shortly after the nation strengthened coking coal import
China's coal imports surged to a new high in January since February 2014, Chinese customs data showed on February 14, more than triple of the size of December.
January's coal imports tota
China's spot thermal coal prices rebounded to 600 yuan/t ($88.6/t) at northern ports after holding flat for six days following five-day lose since late-January, fanning bullish sentiments among market
Hosted by China's coal industry portal
sxcoal.com, the 9th (2019) Global Coking Coal Resource & Market Summit is
set to convene in Beijing in April 10-11, 2019.
China's cok
Australia is expected to increase investment in coal projects significantly in the next few years, according to the latest "Resources and Energy Quarterly" report for December quarter published by the
China's coastal thermal coal market ran a bit stronger as participants gradually returned from the Spring Festival holiday, with offer prices inching higher two days after the weeklong break.
The economic vitality of China's coal industry is likely to weaken in 2019 compared with last year, and risks of supply glut may re-emerge if proper regulatory measures are not in place, said Yue Fubi
Most utilities in China were still staying on the sidelines after the weeklong Spring Festival break, with market sentiment shadowed by a lack of clarity on the government's import policy.
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
Spot cargo prices for Australian thermal coal
Trades of thermal coal remained light in Chinese seaborne import market so far this week, as domestic power plants were reluctant to restock given their high stockpiles and customs clearance issues im
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