Weekly global coal market news summary (Jun 1-Jun 5)

sxcoal.com General 2020-06-05 15:48:21

Indonesian thermal coal prices keep falling on concerns of quota shortage

Lower offers of Indonesian low-colorific value thermal coal were seen in the Chinese seaborne import market, as buying interest was c...

 

Russia Jan-May coal exports slide 9.25% YoY

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 ...

 

Russian Railways to resume Murmansk rail traffic by Jun 23

Passenger and cargo rail transportation between the northern port city of Murmansk and the rest of Russia will resume by June 23 afte...

 

SCCL coal production in Apr-May falls 45% on yr

Singareni Collieries Company Limited (SCCL), India's second biggest coal producer, produced 6.23 million tonnes of coal in April-May ...

 

Coal India to outsource underground operations, will invite tenders soon

Coal India has decided to outsource underground mine development and operations, company executives said. A company spok...

 

Coal India's May sales driven sharply lower by slump in power demand

Coal India's sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a natio...

 

Moody's sees US coal miners' earnings halve this year

The outlook for the North American coal industry remains negative and earnings for coal miners could fall by more than 50% this year,...

 

Thailand's leading energy firm revises down 2020 coal sales outlook

Banpu Public Co., Ltd., a leading energy company based in Thailand, revised down its coal sales target to 39.3 million tonnes in two ...

 

BlackRock warns S. Korean utility on planned coal investments in Vietnam, Indonesia

BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia...

 

Turkey Apr thermal coal imports down 41.7% on month

Turkey's thermal coal imports slumped 41.7% month on month to 1.6 million tonnes in April, official data showed. The cou...

 

Poland's coal stockpiles rise to 7.75 mln T in Apr

Poland's April coal stockpiles more than tripled year on year to 7.75 million tonnes as demand for electricity fell by almost 10% due...

 


(Writing by Emma Yang  Editing by Jessie Jia)
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1 Chinese thermal coal moves sideways with downward bias 2020-07-09

Chinese domestic thermal coal prices stayed flat at northern ports on July 9, following a fast pickup for almost a week, affected by Huaneng's announcement on tightening purchase for spot cargoes. &nb

2 China's state planner summons meeting, fanning speculations on coal import policy 2020-07-09

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3 Border closure to tighten Mongolian coking coal supply, fanning bullishness 2020-07-09

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4 China Coal Daily Track (Jul 9) 2020-07-09

Thermal coal Production area Coal prices continued growing in Shaanxi's Yulin. A few coal mines said their latest auction prices increased 30 yuan/t. In Shanxi and Inn

5 Yangquan Coal Group H1 coal sales and railway shipments hit record highs 2020-07-09

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7 Xinjiang H1 power sales exceed 60 TWh, up over 7% on yr 2020-07-09

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8 China LNG prices up 2.6% while LPG prices down 2.5% in late-Jun 2020-07-09

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9 US May coal exports fall to 3.5-yr low 2020-07-09

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1 Indonesia sets Jul coal HBA price at lowest in 4 yrs 2020-07-03

The Indonesian government set its coal benchmark price (HBA) for July at $52.16/t, down from $52.98/t last month, the Energy and Mineral Resources Ministry said in a statement on July 3.

2 China coal mine safety watchdog warns of possible floods at mines 2020-07-03

China's National Coal Mine Safety Administration warned of possible floods at coal mines alongside persistently strong rainfalls in South China and Southwest China. Entering the rainy sea

3 China's thermal coal prices climb quickly on bullish outlook 2020-07-03

Thermal coal prices moved up rapidly at northern Chinese ports late this week, on the back of revived market confidence for higher buying demand and tight supply. Prevailing offers for 0.

4 Coal stocks update suspended for China's six coastal power groups 2020-07-06

Updates on coal stocks and consumption of China's six major coastal power groups are temporarily suspended, after China Huaneng Group, China Huadian Group and China Datang Corporation were said not to

5 Indonesian low-CV coal prices fall below $24/t; downward pressure remains 2020-07-03

Offer prices of Indonesian thermal coal prices nudged lower on July 3 in the Chinese seaborne import market due to the poor demand curbed by a lack of import quotas. Market participants surmised the d

6 China coking coal rises at slower pace as sentiment sours for coke 2020-07-03

China's coking coal prices are slowing down their rises as the sentiment sourced in the downstream coke sector, putting the lid on the raw material demand. Coke producers and steel makers

7 High inventory at power plants may cap thermal coal price rise 2020-07-03

Chinese domestic thermal coal prices may have limited uptick space in early July, as downstream buyers have sufficient stocks at present and are less likely to release much buying interest until consu

8 China Coal Daily Track (Jul 3) 2020-07-03

Thermal coal Production area Large miners in Yulin of Shaanxi saw normal production and sales and stable prices, while some small miners raised prices by 5 yuan/t as output reduced amid maint

9 China launches power trading guideline to protect marketization 2020-07-03

China officially established the guideline on medium- and long-term electricity trading based a 2016 temporary version, to ensure the market can develop healthily free from too much government interve

10 China Jun coastal coal shipping market: freight rates down on soft demand 2020-07-03

China's coastal coal shipping market spiraled down in June, as shipment demand still lacked support while shipping capacity was in surplus. Utilities were prudent in spot coal purchase du

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