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Thermal coal
Production area Some mines in Shaanxi saw full stocks lately amid dull sales given off-peak production measures at cement and chemical plants. Prices fell down in Yuyang and Shenmu
Chinese traders generally suspended selling activity of spot thermal coal at northern transfer ports late last week, in a hope to see further price rise in the spot market to raise their profits.
China's seaborne import thermal coal market remained weak late last week even after one state-owned utility went on a shopping spree.
Guodian bought about 1 million tonnes of thermal coal
Australia's booming coal industry has made it the world's third-biggest exporter of potential carbon dioxide emissions locked in fossil fuels, placing it only behind oil giants Russia and Saudi Arabia
India's
Jun coal import rises 29% to 24 mln T
India's coal imports increased by 28.7% to
24.14 million tonnes in June on the back of softening of non-coking coal prices
in the international m
China's steel production is set to decline significantly in the latter half of 2019 after reaching a record high in the first half, Fitch Ratings says in its latest report.
Crude steel an
In the past two weeks, Chinese thermal coal prices continued to fall at northern transfer ports. When players are worrying the market will move down further, the prices have finally stabilized.
Thermal
coal
Production
area About 15 miners adjusted down their prices
this week in Shaanxi's Yulin, mainly by 10-20 yuan/t. One miner even slashed
its prices by 60 yuan/t. Demand from do
Chinese domestic spot thermal coal market started stabilizing from half-a-month falling. Most traders expected the market to pick up soon and many of them held up sales for better prices.
Trends of Indonesian and Australian thermal coal remained murky in the largest import market of China, and prices of major grades haven't found strong support as tepid buying and high stockpiles from
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Australia's energy giant Allegiance Coal has been
longing to broaden metallurgical coal business in Canada and the US.
The company has been going on with a project in Telkwa, Brit
Mechel, one of the leading Russian mining and metals companies, signed annual contracts for coking coal supplies with two Chinese steel giants, the company said on its website.
The supply
Thermal coal loadings have been affected greatly at northern China ports since last weekend, disrupted by Typhoon Lekima and consequent torrential rains.
Both inbound rail deliveries and
CFR price of Indonesian 3,800 Kcal/kg NAR coal, the most favored grade for Chinese utilities, has dropped below the $40/t threshold late last week following seven sessions of declines.
On
China's seaborne import thermal coal market is set for a new week of declines, as power producers' buying appetite seemed to be subduing amid high inventory and low consumption, in addition to import
Thermal coal prices have been sliding down in China since early this month, hit by weak purchase from power plants alongside rainy and typhoon weather that reduced air-conditioning demand in the coast
Foreign miners and Chinese traders pulled back from thermal coal trades in Chinese seaborne import market, owing to poor demand and increased trade risks.
Transactions have been rather du
Chinese spot thermal coal market ended a bearish week with further losses at northern transfer ports, as downstream demand remained sluggish on the whole.
On August 9, Fenwei CCI index fo
The future trend of China's spot thermal coal market is likely to be largely influenced by the country's stance on import coal policy, which may significantly affect the supply-demand relation in dome
Chinese thermal coal prices were still under downward pressure on concern that waterlogged coal piled up at northern ports might self-ignite after the weather clears up.
"Rain-soak
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