Weekly global coal market news summary (Jul 27-Jul 31)

sxcoal.com General 2020-07-31 14:58:41

Japan Jun coking coal imports near record low

Japan's coking coal imports remained less than 5 million tonnes in June, despite a mild rise of 0.59% compared with last month, accor...

 

Indonesian unprocessed metal exports "on borrowed time", including coal

As Indonesian government is encouraging local processing to buttress its economy, exports of unprocessed coal and other ores would be...

 

Chinese import thermal coal market remains dull, bearish sentiment simmering

Chinese seaborne import market of thermal coal was still stagnating with broadly no trades seen over the trading day, further darkeni...

 

CIL's coal supply to non-power sector surges 203% over Apr-Jun

Coal India Ltd.'s coal dispatch under e-auction to non-power sector soared 203% from 2.2 million tonnes a year ago to 6.66 million to...

 

India H1 coal output falls 1.5%

India registered a 1.5% year-on-year drop of 1.5% in coal output to 406 million tonnes from January to June, showed preliminary data ...

 

India plans to produce 1 bln T of coal by 2023-24 FY

India plans to realize one billion tonnes of coal production in 2023-24 fiscal year, while aiming to lower coal imports to zero, said...

 

Rio Tinto H1 underlying earnings down 4%, but still better than expectation

Leading global mining group Rio Tinto logged a 4% yearly drop in underlying earnings to $4.75 billion in the first six months of 2020...

 

Cerrejon expects coal exports to decline 21% in 2020

Cerrejon, one of Colombia's large coal exporters, forecast its coal exports in 2020 to drop around 21% year on year to 20.5 million t...

 

Arch Resources suffers nearly $50 mln loss in Q2

Arch Resources, one leading coal producer in the US, incurred a net loss of $49.3 million in the second quarter of 2020, the company ...

 

U.S. 2019 coal output hits the lowest since 1978, EIA

U.S.'s coal production fell 7% year on year to 756 million tonnes in 2019, notching the lowest since 1978, when coal production was s...

 

Canadian Teck Resources cuts coking coal output goal for 2020

Teck Resources, Canada's largest mining company, said its coking coal production guidance for this year would be cut down, due to the...

 

Thailand Jun thermal coal imports fall to the lowest this year

Thailand's thermal coal imports (including bituminous and sub-bituminous coal) in June slid significantly by 54.06% year on year and ...

 

Vale Mozambique H1 coal production falls nearly 30% YoY

The output of Moatize coal mine, located in Mozambique under Brazilian miner Vale, tumbled by nearly 30% year on year in the first si...

 

S Africa's May thermal coal exports rebound from record low

South Africa's thermal coal (bituminous coal) exports increased by 65.12% from an over 6-year low in April to 6.57 million tonnes in ...


(Writing by Emma Yang  Editing by Jessie Jia)
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1 China's domestic thermal coal prices jump to a 19-mth high 2020-11-27

Spot thermal coal prices at China's northern transshipment ports jumped to a new high of nearly 19 months, as firm trading activities stoked the concerns of sustained supply crunch. On No

2 Mongolian coking coal exports to China tumble amid stricter border virus check 2020-11-27

Mongolian coking coal shipments to China slumped as Chinese checkpoints at the border imposed stricter coronavirus checks on Mongolian drivers, causing a significant slowdown in customs clearing, sour

3 China's 2020 coal imports in a sharper curve due to COVID-19 pandemic 2020-11-27

China's coal imports so far this year presented a much sharper curve than the past years even with similar control measures following import policy relaxation in the beginning of recent years.

4 China's thermal coal futures hit 2-yr high on supply crunch, growing demand 2020-11-27

Thermal coal futures on Dalian Commodity Exchange has touched a new high in the past two years, due to a combination of sustained supply crunch and mounting demand. As of 10 o'clock a.m.

5 Shanxi Luliang's raw coal output increases 13.3% YoY over Jan-Oct 2020-11-27

Luliang's raw coal output reached 115.03 million tonnes in the first ten months this year, increasing 13.3% from a year ago, according to the city's statistics bureau. Its washed coal out

6 Shanxi closes 19 coking plants so far this year 2020-11-27

Shanxi has closed 19 coking plants so far this year, involving 10.79 million tonnes per annum (Mtpa) of outdated coking capacity, local media reported. In addision, 11 coke producers have

7 China's domestic thermal coal prices edge higher 2020-11-26

Offer prices of spot thermal coal continued to increase at China's northern ports, backed by new deals sealed with higher prices a day earlier, sources said. A Jiangsu-based power plant o

8 Chinese coking coal prices sustain rally amid supply tightness 2020-11-26

Chinese domestic coking coal market continued to move higher amid ongoing supply shortage. On November 26, Fenwei CCI assessed Shanxi premium hard coking coal at 1,463 yuan/t, up 12 yuan/

9 Russia thermal coal squeezing Indonesia's market share in Asia 2020-11-26

Russia is likely to further squeeze market share of Indonesia, a traditional thermal coal supplier, in main Asian countries like China in the future. China's import of thermal coal (excl.

10 China inks a $1.5bn thermal coal import deal with Indonesia 2020-11-26

China is aiming to expand thermal coal imports from Indonesia in 2021 after the fossil fuel trade has been affected by the COVID-19 this year, according to a recent agreement signed by the two countri

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1 China faces Mongolian coal import shortage as coronavirus spreads 2020-11-24

Shipments of Mongolian coking coal to China have been challenged as a second wave of COVID-19 virus appeared in the landlocked country that has triggered strict measures on China's border administrati

2 China inks a $1.5bn thermal coal import deal with Indonesia 2020-11-26

China is aiming to expand thermal coal imports from Indonesia in 2021 after the fossil fuel trade has been affected by the COVID-19 this year, according to a recent agreement signed by the two countri

3 Global met coal may further strengthen on recovering demand, short supply 2020-11-24

Global metallurgical coal prices are likely to further tick up in the coming months, following recent increaseddemand driven up by the recovering appetites, Russia's VTB Capital said.

4 Mongolian coking coal arrivals to China tumble as more cases confirmed 2020-11-25

Mongolian coking coal imports have plummeted sharply this week, as anti-pandemic measures further tightened with more COVID-19 cases were confirmed. Sources said the number of trucks ente

5 Active purchases drive up domestic thermal coal prices 2020-11-24

Chinese domestic thermal coal prices witnessed a big jump at northern transfer ports, sparked by emerging purchases from end buyers against the backdrop of supply tightness. On November 2

6 Indonesian low-CV coal jumps to 8-mth-plus high on Chinese appetite 2020-11-24

Price of Indonesian low-calorific value thermal coal has jumped to an eight-month high in Chinese seaborne market early this week, and the uptrend may extend in winter heating season given China's nee

7 China Oct thermal coal imports slump 58.02% YoY 2020-11-25

China imported 4.84 million tonnes of thermal coal (including bituminous and sub-bituminous coals but excluding lignite) in October, slumping 58.02% year on year and 41.19% month on month, showed the

8 Russia thermal coal squeezing Indonesia's market share in Asia 2020-11-26

Russia is likely to further squeeze market share of Indonesia, a traditional thermal coal supplier, in main Asian countries like China in the future. China's import of thermal coal (excl.

9 Indian power utilities' thermal coal imports rebound for 2nd mth in Oct 2020-11-26

Indian power generators imported 4.64 million tonnes of thermal coal in October, up 14.99% from the preceding month, marking the second consecutive monthly increase, showed the latest data from the Ce

10 China's thermal coal prices continue uptrend on trades 2020-11-25

Spot thermal coal prices continued to rise on November 24 at China's northern ports due to fresh trades clinched at higher prices. A cargo of 5,000 Kcal/kg NAR thermal coal changed hands