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Thermal coal prices showed no signs of abating at major production hubs as demand remained strong from downstream buyers, even after the bearish sentiment appeared at northern transfer ports.
Coke supply woes that have lasted for months showed no signs of abating entering January and may continue to support a bullish market in the rest of the month.
Coke production has failed
Expectations for weakening upward strength in Chinese thermal coal are growing this week following two months of strong rises, as rebounding temperatures in many regions are bringing down utilities' d
China's power consumption in 2020 increased 3.1% on the year, as the growth driven by strong economy growth and higher-than-usual winter household heating more than offset the decline during the coron
Last year, China's crude steel production exceeded 1 billion tonnes for the first time in history, setting a new high for five consecutive years, propelled by a quick recovery in construction and manu
Sentiment weakened in Chinese domestic thermal coal market, as some end buyers paused purchases and started to adopt a wait-and-see stance after spot prices surged to new record highs.
De
Indonesian thermal coal prices edged higher in the Chinese seaborne import market, fueled by insufficient February-loading cargoes and delay of departures caused by flood amid heavy rainfalls in main
China's domestic thermal coal market further surged last week with the benchmark price breaking the previous high that had been kept for more than 12 years, as supply tightness worsened after a fresh
China's overheated spot thermal coal market showed signs of abating after rising wildly for weeks, as southern power plants began to hold back on purchases along with sliding coal consumption as tempe
China, the world's largest coking coal consumer, is likely to further diversify import sources in 2021, after increased intakes from Mongolia and Russia last year following worsening diplomatic China-
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China's coal imports in December surged tremendously from a year earlier, as Chinese end users went on a buying spree after Beijing relaxed restrictions on coal imports in a bid to ease domestic suppl
After surging at an unexpected speed for two weeks since the New Year's Day, China's domestic spot thermal coal prices reached new highs, surpassing previous records that have been held since 2008.
Indonesian thermal coal prices extended gains in the Chinese seaborne import market as end users continued restocking in a rush amid poor availability and high prices of domestic coal.
Pu
Mongolia exported 28.59 million tonnes of coal in 2020, falling 21.61% year on year, showed latest data from Mongolian Customs General Administration (MCGA) on January 14.
Value of the ex
Indonesia exported a total 36.7 million
tonnes of coal in December, rising 1.5% from the same month a year ago and
18.29% month on month, which hit a new high since April, 2020, according to
cargo-
Spot prices of thermal coal saw another bullish session at China's northern trading hubs, as supply was further crimped at some major production places after new coronavirus cases were found. Strength
Chinese coking coal market outlook is continuously supported by good restocking demand from coke producers prior to the Spring Festival and the lingering shortage of the material impacted by reducing
The coronavirus-induced road transport curbs on routes between Hebei and the neighboring provinces are likely to further cap coking coal stockpiles at coke and steel producers in the short run, althou
China's coke prices presented a strong rally from August to December last year, as intensifying capacity cut on inefficient coke ovens significantly broke the balance of supply and demand.
China, the world's largest coking coal consumer, is likely to further diversify import sources in 2021, after increased intakes from Mongolia and Russia last year following worsening diplomatic China-
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