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Chinese buyers in the seaborne import thermal coal market retreated to the sidelines late the week, as they expected the market to come down in late October or early November paralleling with the down
China's benchmark 5,500 Kcal/kg NAR thermal coal price stabilized late this week after five sessions of pullback from late last week, luring some buying appetite from end users.
On Octobe
Thermal coal price in Yulin, a major coal producing hub of Shaanxi province, diverged in different districts depending on sales conditions. Prices mainly picked up in Yuyang district while prices kept
Coking coal stockpiles further dropped at Chinese mines this week, extending a decline for nine weeks, as downstream coke producers continued building up inventory to meet production while some miners
Thermal coal
Production area It is a mixed picture of supply situation in the northern production areas. In Shaanxi's Yulin, some coal mines stopped or cut production this week under the safety
Indonesian spot thermal coal prices have kept stable at a high level for days, sparking concerns of downward risk in the near term as Chinese buyers were cautious of taking positions at a time domesti
Thermal coal trades stayed low at northern China's transfer ports, given lingering wait-and-see sentiment among participants in anticipation of deeper price drops.
End buyers are waiting
Mongolia is rising as a strong competitor to Australia in export of metallurgical coal to China in recent months, after China imposed strict restrictions on Australian coal amid souring relation betwe
Shandong has 40 rock burst mines, the most among all Chinese provinces and regions, of which 20 have a mining depth deeper than 1,000 meters, according to a press conference held on October 21.
Thermal coal
Production Coal prices kept rising but at a slower pace in Yulin, Shaanxi province. Most mines reported good sales and tight supply. A few mines lowered prices by 5-10 yuan/t due t
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China's top economic planner called for sufficient coal supply to northeastern provinces to ensure energy security during the winter heating period.
The directive was given at a recent me
Indonesian thermal coal prices continued to rise on the back of solid demand from Chinese buyers, despite the ongoing uncertainty of customs clearing, sources said on October 19.
Offer pr
Mongolia's coal output (including hard coal and lignite) surged 71.5% from the preceding month to 4.89 million tonnes in September, official data showed.
The production was also 2.6% high
China's raw coal production dipped 0.9% year on year to 331.07 million tonnes in September, showed data from the National Bureau of Statistics (NBS) on October 19.
The decline was mainly
China's domestic thermal coal market stabilized last week, ending a rally lasting from early September, as supply started to grow and demand retreated. While the government didn't explicitly issue any
Higher restocking demand from Chinese end users, mainly coke and steel mills, pushed up Mongolian coking coal prices by 20 yuan/t early this week, and participants expected more upward adjustments in
China's metallurgical coal market further gained strength, with prices of most grades ticking up following brisk buying from coke producers.
An average pickup of 32 yuan/t was observed at
Trading activity of spot thermal coal remained thin at northern Chinese ports; thick wait-and-see sentiment among buyers has pressured prices down in recent days.
The majority of particip
China's coking coal market witnessed a wide price increase during the past week, as overall supply showed signs of contracting while coke producers scrambled to replenish the material amid higher prof
A coal mine gas explosion in central Shanxi province in the morning of October 20 is expected to trigger stricter safety inspections on local coal mines after Shanxi authorities announced earlier to c
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