Weekly global coal market news summary (Oct 12-Oct 16)

sxcoal.com Policy,  Import & Export,  Production & Sales,  International 2020-10-16 14:50:35

Australian coal ban will have weaker impact on thermal coal than coking coal

The news has gone viral in the seaborne coal import market that some Chinese state-owned power and steel companies have been verbally...

 

N Queensland Sep coal export falls 2.28% on mth

Coal exports from three terminals of North Queensland in Australia fell slightly in September, showed the latest data from North Quee...

 

Tavan Tolgoi-Gashuunsukhait railway completes 208 km earthwork

The 208-kilometer-long earthwork has been completed recently for the initial section of railway from Mongolia's Tavan Tolgoi coal min...

 

Mongolia Jan-Sep coal exports reach nearly 20 Mt

Mongolia exported a total of 19.82 million tonnes of coal during January-September with export value hitting $1.48 billion, showed da...

 

Indonesia Sep coal exports slump 32.17% YoY

Indonesia exported a total 24.73 million tonnes of coal in September, slumping 32.17% from the same month a year ago, and inching dow...

 

Bayan Resources plans to increase coal production by nearly 20 Mtpa

Bayan Resources, a large coal miner in Indonesia, plans to increase coal production from 31.7 million tonnes in 2019 to 50 million to...

 

Vietnam to increase coal, natural gas imports amid tight domestic supply

Vietnam will substantially increase imports of primary energies such as coal and natural gas from now to 2030 to meet development nee...

 

Vietnam Sep coal import hits 7-mth low

Vietnam's coal import hit a seven-month low in September with 3.88 million tonnes, rising 27.96% from a year ago but falling 24.34% f...

 

Japan's power giant to close all inefficient coal power plants by 2030

JERA, Japan's largest power producer, will close all of its inefficient coal-fired power plants in Japan by 2030, said the company la...

 

Japan's trading firm Mitsui & Co to sell all stakes in coal-fired power plants by 2030

Japan's trading company Mitsui & Co., Ltd. plans to sell its remaining stakes in coal-fired power plants by the end of 2030, acco...

 

Indian state-run ports Sep coal imports at 5-mth high

India's coal imports from 12 state-run ports hit a five-month high in September, yet were still lower compared with the year-ago leve...

 

U.S. miners try to pull out of thermal coal business

U.S. miners are trying to move away from thermal coal to metallurgical coal businesses, as power utilities are burning less of the po...

 

S Korea's coal consumption in power sector down 7% on yr in 2019

South Korea's coal consumption for power generation dipped 7% year on year in 2019 due to its CO2 emission reduction efforts, a repor...


(Writing by Emma Yang  Editing by Tammy Yang)
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1 Indonesian coal prices may top out as Chinese buying tapers 2020-10-22

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

2 Thermal coal trade slows at N China ports on wait-and-see mood 2020-10-22

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

3 Mongolia replaces Australia as China's largest met coal supplier 2020-10-22

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

4 China Coal Daily Track (Oct 22) 2020-10-22

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

5 Chinese coal mines' cost curve and profitability analysis in Sep 2020-10-22

Profitability of Chinese coal mines in September improved from a month ago, showed monitoring data from industry portal sxcoal.com on major thermal and coking coal mining areas in major production pro

6 Pingdingshan Tianan Coal's 3Qs net profit grows 17.55% YoY 2020-10-22

Pingdingshan Tian'an Coal Mining Co., Ltd., a listed firm under China Pingmei Shenma Group, saw its net profit grow 17.55% year on year to 1.04 billion yuan ($159.6 million) in the first three quarter

7 China's natural gas prices less likely to rise rapidly this winter, analysts 2020-10-22

Natural gas prices in China are expected not to increase sharply this winter, as the supply is quite loose at home and broad, market analysts said. Affected by the virus pandemic, spot li

8 China Coal Daily Track (Oct 21) 2020-10-21

Thermal coal Production area Coal prices are oscillating slightly by 1-4 yuan/t in Yulin, Shaanxi province. The market has gradually leveled out from previous quick and consecutive rise.

9 Indonesian thermal coal prices keep stable despite scarce trading 2020-10-21

Indonesian thermal coal prices were broadly unchanged in the Chinese seaborne import market, despite a lack of trades amid exhausting import quotas, but overall market sentiment remained bullish, trad

10 China's spot thermal coal market extends weakness; selloffs emerge 2020-10-21

Chinese spot thermal coal market extended weakness amidslack demand from end users. Some power plants made tentative low bids for spot cargoes, leading to selloff activity among a small number of pess

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