Weekly global coal market news summary (Mar 30-Apr 3)

sxcoal.com General,  Viewpoint,  Price,  International 2020-04-03 16:13:17

Confidence slump in China's import thermal coal market

Confidence was badly hit in China's import thermal coal market, on the back of utilities' contract default, deeper falls in domestic ...

 

Mongolian coal exports to China fall to 90,000 T in Mar, customs data

Mongolia, the third largest metallurgical coal exporter worldwide, saw coal exports to largest coking coal importer China fall to 90,...

 

Mongolian coking coal prices fall after export resume

After exports of Mongolian coking coal to China resumed as the risk of COVID-19 was seen receding, prices of the material have also d...

 

Mongolia resumes coal exports to China through 4 border crossings

Mongolia has now resumed coal exports to China via four border points after the country reopened its Khangi border point on March 31,...

 

Mongolia reopens coal exports through Shivee Khuren on Mar 30

Mongolian coal exports through Shivee Khuren border crossing have been reopened on March 30, following lift of border lockdown at Gas...

 

Mongolian ETT exports 226,000 t coal since export resumption

Erdenes Tavan Tolgoi (ETT) JSC has exported 226,000 tonnes of coal through Gashuunsukhait border checkpoint since the resumption of c...

 

Indonesian coal mining giant Bumi records 97% plunge in profit

Indonesia's largest thermal coal miner, PT Bumi Resources, booked a $6.84 million profit in 2019, down 97% from $220.4 million in the...

 

Indonesian low-CV thermal coal hits 7-mth low amid tepid demand

FOB prices of Indonesian low-calorific value thermal coal heading to China touched a seven-month low in the middle of this week, batt...

 

Indonesian Bayan's frozen operations stir different impact evaluations

Indonesia's PT Bayan Resources said on March 27 that three subsidiaries in East Kalimantan have suspended mining operations effective...

 

Western Coalfields registers 58 Mt output in FY 2020

Western Coalfields Limited (WCL), a subsidiary of Coal India, on April 1 said it has achieved an output of 57.64 million tonnes (Mt) ...

 

Coal imports at Indian key state ports retreat in Feb

Indian coal imports through 12 state-run ports declined 4.96% from a nine-month high in January to 12.66 million tonnes in February, ...

 

Coal India logs 602 mln T output for FY20, misses fiscal target

State-owned Coal India Ltd produced 602.14 million tonnes of coal in FY2019-20, missing the target of 660 million tonnes for the year...

 

SECL registers 1 Mt single day production amid nationwide lockdown

South Eastern Coalfields Ltd (SECL), the largest coal producing subsidiary of Coal India Ltd, became the first coal company to produc...

 

India coal stocks reach all-time high, enough for 2-mth power generation

India's thermal coal stock at pitheads and power plants has touched 107 million tonnes, which is enough for generating electricity fo...

 

Sumitomo Mitsui bank to stop making loans for new thermal coal plants

Japan's Sumitomo Mitsui Banking Corp. will suspend in principle new loans for coal-fired thermal power plants. The move is aimed at s...

 

Japan Feb thermal coal imports slide 0.92% on yr

Japan's thermal coal imports (bituminous and sub-bituminous coal) declined 0.92% year on year in February, data showed. ...

 

Japan Feb coking coal imports hit record low

Japan imported 4.98 million tonnes of coking coal in February, the weakest reading since January 2015 when sxcoal.com started recordi...

 

South Africa says ports remain open despite lockdown

South Africa's ports remain open to all types of cargo despite a nationwide 21-day lockdown though essential goods should be prioriti...

 

Turkey Feb thermal coal imports at 7-mth low

Turkey's thermal coal imports fell 21.71% month-on-month to a seven-month low of 2.47 million tonnes in February, official data showe...

 

Teck Resources suspends 2020 forecasts, cuts steelmaking coal output

Miner Teck Resources Ltd suspended its 2020 financial forecasts on April 1 and said it expected steelmaking coal production to drop t...

 

Yancoal acquires additional 10% stake in Moolarben

Yancoal Australia Ltd has purchased an additional 10% stake in the Moolarben Coal Joint Venture from Sojitz Corporation for A$300 mil...

 

Australia's Coronado to idle U.S. operations as virus trips global economic growth

Coronado Global Resources said on March 30 it will temporarily halt metallurgical coal output from its U.S. operations due to the glo...

 

Global coal mining takes a hit from COVID-19; bearish sentiment grows

Global coal mining activity has been taking a hit from Covid-19 pandemic as it triggered a series of restrictive measures by many cou...

 

Colombia coal union suspends strike at Cerrejon, withdraws demands

The biggest union at the Cerrejon coal mine in Colombia pulled back from launching a previously approved strike over the weekend and ...

 

Global thermal coal exports may continue to suffer from coronavirus woes

International thermal coal exporters are expected to further suffer from demand cutback after many countries adopted lockdown measure...

 

Global trades ebb amid virus pandemic; seaborne coal hard to escape

As Covid-19 continues to spread globally, countries are trying all-out to minimize its hits on its economy and trades. Even so, it's ...

 

Coronavirus batters steel sector, Europe hardest hit

The coronavirus pandemic is battering the global steel sector as huge swathes of industry that use steel shut down, with Europe harde...

 

S.Korean steelmakers' overseas plants shut down due to COVID-19 spread

The new coronavirus outbreak is now taking its toll on Korean steel manufacturers. Overseas factories of Korean companies such as POS...

 

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

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1 Indonesian thermal coal prices hold steady in thin trading 2020-06-05

Indonesian thermal coal prices were generally stable in the Chinese seaborne import market with no new trades heard in the last trading day of the week. Prevailing offer prices of Indones

2 China coking coal still lacks momentum 2020-06-05

China's coking coal market is still lacking enough impetus to have an across-the-board rise, with price hikes seen in some places while declines in somewhere else. Prices of 0.8%-sulfur p

3 Thermal coal trades set to increase at N China ports, traders 2020-06-05

Some traders expected spot thermal coal transactions to increase next week at northern Chinese ports after staying in the doldrums for one week, owing to the rise of futures market and potential relea

4 Shaanxi and Qinghai sign 3-yr power cooperation agreement 2020-06-05

Shaanxi will increase 10.2 TWh of power supply to Qinghai, an inland province in western China, from 2020 to 2022, according to the "Three-year Framework Agreement on Medium- and Long-term Electricity

5 Five S China provinces' power demand rises on hot temperature, economic recovery 2020-06-05

Power demand of China's five southern provinces of Guangdong, Guangxi, Yunnan, Guizhou and Hainan saw a 9.46% rise year on year in May, said China Southern Power Grid (CSG) that takes charges of grids

6 China Coal Daily Track (Jun 5) 2020-06-05

Thermal coal Production area Coal prices were steady in Yulin of Shaanxi amid good sales, while prices were up 10-20 yuan/t in Shenmu amid improved sales of slack coal. Supply slightly increa

7 May global coking coal market: Aussie price weakens amid Chinese import curbs 2020-06-05

International coking coal prices rebounded slightly in early and mid-May despite persisting impact from COVID-19 pandemic. Yet entering late May, prices of Australian coal declined as some Chinese tra

8 May global thermal coal market: price bottoms out, seaborne coal price-competitive 2020-06-05

International thermal coal market revived slightly in May despite escalating import restriction and tight import quotas in China. As the growth of China's domestic coal prices was larger

9 Yulin plans to rectify 19 private coal mines, impact on market limited 2020-06-05

Yuyang district, Yulin city in northwestern China's Shaanxi province has planned to carry out concentrated rectification on safe production at 19 private coal mines in the district to further strength

10 Russia Jan-May coal exports slide 9.25% YoY 2020-06-05

Russia exported 71.30 million tonnes of coal in total over January-May, down 9.25% from 78.57 million tonnes in the same period last year, according to preliminary statistics from the Energy Ministry

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4 China's seaborne thermal coal market quiet amid low demand; downturn looming 2020-06-03

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5 Chinese seaborne thermal coal market muted; trades thin 2020-06-02

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6 Indonesian thermal coal prices keep falling on concerns of quota shortage 2020-06-04

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7 Indonesian thermal coal prices edge lower amid poor demand 2020-06-01

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10 China coking coal market buoyant, sales improve 2020-06-03

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