Weekly global coal market news summary (Jun 29-Jul 3)

sxcoal.com General 2020-07-03 15:45:26

Indonesia sets Jul coal HBA price at lowest in 4 yrs

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 Mine...

 

China's utility tender results may further weigh down Indonesian thermal coal

A Chinese state-owned power group issued tenders for Indonesian thermal coal after more than a week of market quietness, yet the awar...

 

Indonesia Jan-May coal production down 8% YoY

Indonesia's coal production totaled 228 million tonnes in January-May, down 8% from the same period last year, and reaching 41% of it...

 

Indonesia coal and minerals investment outlook weakens

Investment by holders of Indonesian coal contracts of work is projected to reach $339.03 million, or 70 per cent of an initial target...

 

Japan seeks to suspend or retire 90% of dirty coal-fired plants

The Japanese government is looking to suspend or shutter nearly 90% of its older, inefficient coal-fired power plants by fiscal year ...

 

Japan's May coal imports fall 11.64% on yr

Japan's coal imports dropped 11.64% from the preceding year to 12.30 million tonnes in May, according to the latest trade statistics ...

 

US Jan-May thermal coal exports hit 4-yr low

US's thermal coal exports slumped 35.6% from the same period last year to 10.96 million tonnes during January-May, hitting the lowest...

 

S. Korea says power supply capacity adequate to meet summer demand

South Korea has enough power supply capacity to meet power demand during the summer months, the country's energy ministry said on Jun...

 

Turkey May thermal coal imports up 11.4% MoM

Turkey's thermal coal imports slightly increased in May compared with a month ago, yet were still lower than the year-ago level, offi...

 

Indian private firms seen developing 15 Mt capacity coal mines this yr, minister

India's private companies could start developing coal mines with an annual capacity of 15 million tonnes by the end of March, the cou...

 

Coal India output falls for third straight month in Jun on tepid demand

Coal India Ltd (CIL) reported a 12.8% fall in production in June, reflecting the third straight month of decline in output as nationa...

 

Mongolia's exports drop by 40.6% in H1

In the first six months, Mongolia's total exports amounted $2.2 billion, according to the Customs General Administration. ...

 

Global coal prices to stay under pressure until year end, analysts

Global coal prices will remain under pressure until the end of the year amid a persisting glut in supply and weak demand from China a...

 

IEA: EU energy demand to fall 10% in 2020

The Covid-19 pandemic and associated lockdowns will reduce 2020 EU energy demand by 10% from last year, almost double the decline see...

 

Poland's May coal output and sales fall to lowest on record

Coal output and sales at Polish mines fell to their lowest on record in May as some closed or reduced production to stop the spread o...

 

German utilities welcome improved deal for hard coal-fired generators

Germany's local utility organisation VKU said on June 30 that compensation measures thrashed out by the ruling coalition government b...


(Writing by Emma Yang  Editing by Harry Huo)
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1 QHD, Shenhua Huanghua port coal handling up 7.2% in late Jul 2020-08-07

Total coal throughput at Qinhuangdao and Shenhua Huanghua ports logged a yearly increase of 7.2% in late July (July 21-31), according to China Ports Association. Of this, coal handling at

2 China coking coal further declines on waned demand 2020-08-06

China's coking coal market kept falling as demand showed little improvement and many coal mines were struggling with their high stocks. Supply of coking coal still exceeded demand, mirror

3 China's import thermal coal market stays sluggish on quotas shortfall 2020-08-06

Chinese import thermal coal market extended sluggishness that has lasted for weeks, as shortfall of import quotas still reined in buying appetite of foreign cargoes. Sparse trades were co

4 China's spot thermal coal prices extend fall; bearish sentiment eased 2020-08-06

Spot thermal coal prices continued to decline for a fourth consecutive day on August 6 at northern transfer ports in China, as most buyers remained in a "wait-and-see" stance and showed limited buying

5 China Coal Daily Track (Aug 6) 2020-08-06

Thermal coal Production area Torrential rain has sustained for at least two days across many production areas in the north. In Shaanxi's Yulin, rain slowed down truck loading and c

6 China plans to start over 40 GW of wind, solar power subsidy-free projects this yr 2020-08-06

A total of 44.45 GW of wind, solar power projects are beginning to break ground this year, according to an official document issued on August 5, a significant increase of 114.11% compared with the pla

7 China Jul coking coal market: price declines amid coke producers' slack buys 2020-08-06

Coking coal prices kept moving down in July, as coke producers showed weaker restocking demand for the coke-making material amid decreased profit margin and domestic coal supply increased quickly.

8 Major N China coal provinces warn of geological hazards amid rainstorms 2020-08-06

With strong rainstorms moving northward to Shaanxi, Shanxi, Hebei, Henan and Shandong, major coal production hubs, local authorities repeatedly warned of flood and geological hazards in recent days.

9 Jizhong Energy Resources buys a coking coal mine from parent company 2020-08-06

Jizhong Energy Resources Co., Ltd., the largest coal-based listed company in Hebei province, on August 1 concluded a 30% share acquisition of a coking coal project from its parent company Jizhong Ener

10 Participants see slim chances for China coking coal rebound 2020-08-05

Participants expected China's coking coal market would less likely to pick up over the shorter run citing poor supply-demand fundamentals. Overall, coking coal supply remained in a glut a

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1 Glencore H1 coal production rises 15% amid COVID-19 woes 2020-08-03

Glencore said in a report on July 31 that its coal production declined 15% year on year to 58.10 million tonnes in the first half of this year, mainly due to some operations' suspension in Colombia am

2 China's 90 large coal miners H1 output up 0.3% 2020-08-03

Raw coal output from China's 90 large miners climbed 0.3% from a year ago to 1.3 billion tonnes during January-June, official data showed. Operating revenue (including non-coal businesses

3 Australian thermal coal price logs a 27% yearly drop despite similar demand shrink 2020-08-04

Australian high-ash thermal coal price was subject to a nearly 27% year-on-year decline, although the price was also in a 20-day downside starting from July 24 last year due to similar demand shrink,

4 Bayan Resources H1 coal output falls nearly 25% 2020-08-05

Bayan Resources, one major coal producer in Indonesia, registered a year-on-year slump of 24.4% in coal output to 12.1 million tonnes in the first half year. Its coal sales decreased 3.9%

5 Tepidness continues in China coking coal market 2020-08-03

Tepidness was still seen in China's coking coal market, and prices of the steel-making material remained under downward pressure. Last week 12 mines monitored by sxcoal.com cut coking coa

6 Mongolian year-to-date coal exports plunge 46.4% on COVID-19, customs 2020-08-04

The year-to-date coal export from Mongolia totaled 11.26 million tonnes as of August 2, marking a year-on-year slump of 46.4%, according to Mongolian website IKON on August 3, citing Mongolian customs

7 China's domestic thermal coal market moving sideways with downward bias 2020-08-03

This week started with a quiet session for the spot thermal coal market at northern Chinese transfer ports, the same picture like other days last week, as demand remained lackluster and supply kept gr

8 Indonesian thermal coal loses strength in Chinese market, driving market shift 2020-08-03

Indonesian low-calorific value thermal coal, usually popular among Chinese buyers for blending in power generation, lost strength again in Chinese market after a fortnight of uptick. This

9 China's H1 coal railway shipments down 6.8% on yr 2020-08-04

Coal shipments through the railway network across China totaled 1.12 billion tonnes in the first six months this year, down 6.8% from the same period in 2019, data from the National Development and Re

10 Steadiness in China met coke market stretches into new week 2020-08-03

Steadiness continued dominating China's metallurgical coke market in the start of the week, with a tussle of price hike and cut proposals still existing between producers and steelmakers.