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Chinese power producers are still giving low bids for import thermal coal, according to some traders engaged in the market, dampening market strength for possible upticks in the short run.
Chinese domestic thermal coal prices held steady at Qinhuangdao and other Bohai-rim transfer ports as buyers and sellers adopted a "wait-and-see" approach amid lack of price direction. Both supply and
Shanxi Coal Import and Export Group, a leading coal producer in northern China, sealed 2020 long-term coal supply contracts totaling 22.34 million tonnes at annual products ordering meeting on Decembe
China's gas consumption in 2020 is expected to rise to around 320 billion cubic metres (bcm), while the pace of gas import growth is set to slow sharply this year, state energy group China National Pe
Market players eyed a round of purchase boom from Chinese users for Australian coking coal a couple of weeks leading up to Chinese Lunar New Year holidays, but they also expected it would not give sub
South Korea imported 8.66 million tonnes of thermal coal (including bituminous and sub-bituminous coal) in November, diving down to a five-month trough since June this year, according to South Korean
China's coking coal prices are expected to decline in 2020, pressured by large quantities of import cargoes and restrained appetite from coke plants, said analyst from coal and coke consultant Fenwei
China's northern Hebei province, home to the country's top steelmaking cities, has issued an orange smog alert from December 13 as adverse weather conditions are set to increase pollution, state-backe
Thermal coal
Production area Coal prices were largely unchanged at major production areas with still lack of upward strength due to tepid demand from downstream buyers.
Apart from
Chinese domestic thermal coal prices stabilized at Qinhuangdao and other transfer ports in the Bohai Bay. Trading situation slightly improved after demand increased from cement plants, although power
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Yangquan Coal Industry (Group) Co., Ltd has signed an agreement with Henan Energy and Chemical Industry Group Co., Ltd on December 3 over the strategic energy cooperation in the future, the company sa
Participants in Chinese spot thermal coal market fretted about downside pressure from possible steadiness or downward adjustment of 2020 annual base price of long-term contract, after spot prices have
Indonesian thermal coal prices have been climbing by $2/t since late November in Chinese seaborne import market, spurred by buying demand from Chinese buyers, which could possibly be the last time of
Sales of Indonesian thermal coal with January and February laycans to China improved last week, as several utilities sought to restock before or after the Spring Festival holidays, which falls on late
In a grudgingly climate-friendly gesture, IrkutskEnergo, a major Siberian energy company, is moving to shed its coal assets – a sign that even Russian power producers are feeling the West's nascent ba
Newcastle port saw its coal exports from the two key terminals – Carrington and Kooragang – to China slumped by 32.5% month on month in November, as China tightened its import restriction on coal to k
China plans to merge the coal-fired power assets of its top five utility firms, cutting their combined coal-fired power capacity by up to a third by the end of 2021, according to a document seen by Re
Coking coal prices continued diverging in Chinese main production areas late last week, with premium coking coal grades further firming up while blending coking coal facing high likelihood of downward
Diversified miner Glencore has reduced its 2019 production guidance by 5 million to 140 million, due to recent Colombian volume reductions as well as a safety stoppage in South Africa, showed an inves
The majority of participants in Chinese spot thermal coal market were on the sidelines late last week, waiting for a new direction as domestic 2020 long-term contract coal pricing approaches.
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