Weekly global coal market news summary (Oct 21-Oct 25)

sxcoal.com General,  International 2019-10-28 09:09:01

Chinese import thermal coal prices face downward pressure

Chinese import thermal coal prices are facing downward pressure, as end buyers slowed purchases amid a weaker price advantage held by import cargoes against domestic supplies.

Australian November-delivered 5,500 Kcal/kg NAR coal on October 24 was mainly offered at $53-53.5/t FOB Newcastle, while bidding indications focused on below $53/t, according to traders.

Anglo American adjusts down thermal coal guidance

Diversified miner Anglo American tightened its full-year guidance of thermal coal production following a fall in the third quarter output of Cerrejón, a joint venture in Colombia.

The company announced on October 22 to lower its target to 26 million tonnes from previous forecast of 26-28 million tonnes. All production here said is based on its interest holding portion.

Indian power utilities' Sep thermal coal imports down 0.47% MoM

Indian power utilities' thermal coal imports inched down by 0.47% month on month in September, after a slight rebound in August from a 3-month decline, according to data from India Central Electricity Authority (CEA).

Those utilities imported 5.23 million tonnes of thermal coal in September, increasing 7.33% from the previous year, data showed.

Bounty Mining's Cook Colliery restarts operation after roof fall

Australian Bounty Mining Limited announced on October 24 that its Cook Colliery in the State of Queensland resumed coal production by using another CM (CM02).

Cook Colliery, located about 20 km to the south of Blackwater, is an underground colliery in the Bowen Basin with the maximum production capacity of 2.2Mtpa for raw coal. And the coal mine was focused on MV hard coking coal and premium thermal coal production.

The Russians are coming for Asia and Europe's coal markets

Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favor.

Russia is already the third-largest supplier to the seaborne market, behind Indonesia and Australia, and is moving to take advantage of its central geographic position to boost exports to both the Atlantic and Pacific basins.

Russia Aug coal exports up 31.5% MoM; shipments to China up for 3rd mth

Russia saw its coal exports increase significantly in August from a six-month low a month earlier, showed data from the Federal Customs Service of Russia.

The country exported a total 20.1 million tonnes of coal in August, surging 31.49% from 15.29 million tonnes in July, yet sliding 1% from 20.31 million tonnes a year ago.

Japan Sep coal imports down 2.8% YoY, preliminary data

Japan's coal imports stood at 14.89 million tonnes in September, retreating 2.8% from a year ago, showed the preliminary data from Minister of Finance of Japan.

Total coal imports in September valued 187.99 billion yen/t ($1.7 billion/t), down 19.8% from the year prior. This translated to an average import price of 12,625 yen/t.

Mongolia Sep coal exports retreat from a one-yr high

Mongolian coal exports retreated in September from a one-year high of 4.13 million tonnes a month earlier, showed data from the Mongolia National Statistics Office, partly due to reduced shipments to China.

The country exported 3.71 million tonnes of coal to its main destinations last month, decreasing 9.95% from August, partly impacted by a fallback of deliveries to China as trucks available decreased amid transport permit expiration and Ganqimaodu authorities halved import quotas for enterprises.

Thailand Sep thermal coal imports down 10.3% MoM

Thailand's thermal coal imports (including bituminous and sub-bituminous coal) reduced by 10.31% from a month earlier and 1.17% from a year ago to 1.97 million tonnes in September, according to the latest customs data.

Imports of bituminous coal saw improvement while that of sub-bituminous coal posted a notable reduction.

S. Africa's Richards Bay Aug coal exports up 9.87% MoM

Coal exports from South Africa's Richards Bay Coal Terminal (RBCT) increased 9.87% in August from a six-month low of 5.01 million tonnes in July, customs data showed.

RBCT exported 5.51 million tonnes of coal in August, falling by 13.05% from the same period last year, according to the data.  

S Africa Aug thermal coal exports recover from a half-yr low

South Africa saw thermal coal exports recover from a half-year low in August this year, showed local customs data, boosted mainly by surged shipments to South Korea.

The country's thermal coal exports came in at 5.54 million tonnes in August, marking a strong pickup of 12.15% from a six-month low in July. It was down 16.02% year on year.

Inner Mongolia Ceke Sep coal imports up 3.83% MoM

Ceke border crossing in northern China's Inner Mongolia posted a 3.83% month-on-month increase in coal imports in September, according to official data.

The growth was much slower compared with a 49.93% increase pegged in August.

Indonesia Aug coal exports down 8.38% MoM

Indonesia saw its coal exports reduced 8.38% from a year ago to 35.76 million tonnes in September, according to the BPS-Statistics Indonesia.

The volume was still 9.96% higher than 32.52 million tonnes a year ago.

(Writing by Emma Yang  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 China's Yangtze delta targets 2% cut in tiny smog particles this winter 2019-11-12

The 41 cities of China's Yangtze River delta manufacturing hub will aim to cut concentrations of tiny airborne smog particles known as PM2.5 by 2% this winter, below last year's target of 3%, the envi

2 China Coal Daily Track (Nov 12) 2019-11-12

Thermal coal Production area Three coal mines suspended operations in Shaanxi's Yulin city. One is expected to resume operation in 20 days after working face alternation. The recovery of th

3 China domestic low-CV coal prices keep strength on demand 2019-11-12

Prices of low-calorific value thermal coal marched higher at northern Chinese port thanks to resilient demand, but traders seemed lacking confidence in the near-term market. Several trade

4 Overseas thermal coal holds steady in China amid trade stalemate 2019-11-12

Prices of overseas thermal coal held steady in Chinese seaborne import market at the beginning of this week, as trading activity has been in a stalemate following import curbs at several Chinese custo

5 Weekly China met. coke market analysis and forecast 2019-11-12

No further price falls were seen in China's met coke market last week except some producers lowered prices for the second round of decline. Yet, overall demand didn't improve remarkably, while coke

6 Weekly China coking coal market analysis and forecast 2019-11-12

Coking coal market continued softening at China's main production areas during the past week, due to curtailed buying from coke producers as their profit was heavily eroded after two rounds of coke pr

7 Weekly China thermal coal market analysis and forecast 2019-11-12

Thermal coal market started to stabilize at northern China ports mid last week following a month-long retreat. Inquiries seemed creeping up, especially for 5,000 Kcal/kg NAR fuel, amid growing bullish

8 Brazil's Vale outlook cut implies at least 14.7% sales drop in 2019 2019-11-12

Brazilian iron ore miner Vale on November 11 said it now expects sales of iron ore and pelletsof between 307 million and 312 million tonnes in 2019, implying at least a 14.7% decline from a year

9 China's tightening import curbs may further hit seaborne coal prices 2019-11-11

China's coal imports declined for the second consecutive month in October, the latest customs data showed. Considering tightened import control will continue until the end of 2019, China's falling imp

10 China Coal Daily Track (Nov 11) 2019-11-11

Thermal coal Production area In Ordos, Inner Mongolia, the overall demand remained weak as local and surrounding end users' purchases were still on a need-to basis. Some miners lowered prices b

Most Read Articles

1 Overseas thermal coal shows signs of weakness in China 2019-11-04

Overseas thermal coal prices appeared to stabilize last week in China's seaborne import market following slow but firm upward increase, leading to a broad perception of price fall soon in the market.

2 Supply-demand mismatch accelerates thermal coal downturn in China 2019-11-04

A mismatch between supply and demand in China's domestic thermal coal market triggered a quicker price downtrend at Bohai-rim ports that has had lasted since early last month. On November

3 Central China firm signs 2-bln-yuan thermal coal contract with Indonesian miner 2019-11-07

Xingrui Industry Co., Ltd, a state-controlled enterprise based in Zhengzhou city of Henan province, signed thermal coal term contract worth 2 billion yuan ($285.6 million) with Indonesian miner PT Ind

4 China Oct coal imports fall 15.2% on mth 2019-11-08

China registered a 15.2% month-on-month drop in coal imports in October, as price edge of overseas cargoes weakened over domestic coal and market talks spread about possible tighter curbs.

5 Tightening China import grips dampen overseas thermal coal prices 2019-11-07

A number of customs offices have halted clearance services for coal imports this week since the General Administration of Customs allegedly required to tighten grips on the overseas fuel, hurting pric

6 Newcastle Oct coal exports to China surge 19.47% YoY 2019-11-05

Coal exports from Carrington and Kooragang, two key terminals at Newcastle port, Australia to China expanded by 19.47% year on year in October, showed data from the Port Waratah Coal Services, operato

7 Indonesian thermal coal prices start falling in China seaborne market 2019-11-05

Indonesian thermal coal began losing strength in Chinese seaborne import market, with demand cooling down as its price edge fading away against Chinese domestic coal, which has been falling for more t

8 Shanxi Coking Coal signs import contracts with two foreign firms at China import expo 2019-11-08

Shanxi Coking Coal Group, China's largest producer of the steelmaking material, signed strategic cooperation framework agreement and memorandum of understanding for import purchase with two foreign fi

9 Traders expect China thermal coal to stabilize on improved buy 2019-11-05

The majority of traders are anticipating Chinese thermal coal market to stabilize following nearly one month of declines, as some signs showed for the improving buying demand due to multiple favorable

10 Wait-and-watch sentiment thick in China thermal coal market 2019-11-06

Wait-and-watch sentiment remained thick among participants in Chinese spot thermal coal market, although a sign emerged for slightly revived inquiry activity early this week. The spot coa

Scan to download sxcoal.com mobile APP