Weekly global coal market news summary (Nov 23-Nov 27)

sxcoal.com General 2020-11-27 15:21:34

Global thermal coal import demand may rise 4% in 2021, Noble

Global thermal coal import demand is likely to climb up 3.8% from the 2020-level in 2021, alongside nations' gradual recovery from th...

 

Global met coal may further strengthen on recovering demand, short supply

Global metallurgical coal prices are likely to further tick up in the coming months, following recent increased demand driven up by t...

 

Russia thermal coal squeezing Indonesia's market share in Asia

Russia is likely to further squeeze market share of Indonesia, a traditional thermal coal supplier, in main Asian countries like Chin...

 

Indonesia's ITM Jan-Sep coal sales down 18% on yr

Indonesia's coal producer PT Indo Tambangraya Megah sold 15.4 million tonnes (Mt) of coal in January-September period, down 18% year ...

 

Indonesia Jan-Oct coal production reaches 459 Mt

Indonesia churned out 459 million tonnes of coal in the first ten months this year, while its domestic coal consumption was 109 milli...

 

NEWC thermal coal prices keep upward momentum last week

Thermal coal prices at Newcastle port continued a rising trend for the fifth week, and the prices in Richards Bay Coal Terminal (RBCT...

 

India's CIL to modernize coal transportation system

India's state-controlled coal producer Coal India Ltd (CIL) plans to invest 125 billion India rupees to modernize its coal transporta...

 

India's CIL raises non-coking coal prices

India's state-run coal miner Coal India Ltd. (CIL) announced November 23 that its board has approved to raise the non-coking coal pri...

 

Indian power utilities' thermal coal imports rebound for 2nd mth in Oct

Indian power generators imported 4.64 million tonnes of thermal coal in October, up 14.99% from the preceding month, marking the seco...

 

Tata Steel tests Russian coking coal samples, challenging Australia's monopoly

Indian steel producer Tata Steel has tested Russian coking coal samples in hopes for usage in blast furnaces, local media reported, c...

 

U.S Oct coal output up 3.34% on mth

U.S produced 46.6 million short tons (42.27 million tonnes) of coal in October, falling 19.2% from the year-ago level of 57.67 millio...

 

Teck raises coking coal sales to China in Q4

Canada's coal miner Teck Resources announced that it has raised its coking coal sales to China in the fourth quarter this year due to...

 

Anglo American to extend Aquila's production life

Anglo American, a global mining company, will extend Aquila metallurgical coal project's production life, which is in Queensland, by ...

 

Russia miner Mechel's raw coal production down 7% in Q3

Russian metals and mining group Mechel produced 4.27 million tonnes of raw coal during July-September quarter of this year, falling 7...

 

Thailand Oct thermal coal imports rise 18.73% on yr

Thailand's thermal coal imports (including sub-bituminous coal and bituminous coal) in October rose 18.73% year on year to 2.24 milli...


(Writing by Emma Yang  Editing by Tammy Yang)
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China's domestic thermal coal market further surged last week with the benchmark price breaking the previous high that had been kept for more than 12 years, as supply tightness worsened after a fresh

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China's overheated spot thermal coal market showed signs of abating after rising wildly for weeks, as southern power plants began to hold back on purchases along with sliding coal consumption as tempe

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China, the world's largest coking coal consumer, is likely to further diversify import sources in 2021, after increased intakes from Mongolia and Russia last year following worsening diplomatic China-

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5 China's Dec coal output up 3.2% on yr, but helps little to shortage 2021-01-18

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6 Indonesia to charge higher coal, gold mining royalties trying to enhance revenue 2021-01-18

Indonesia plans to adjust up royalty rate on coal and gold in an attempt to boost state revenues after prices of the commodities have recovered, Reuters reported citing an Indonesian official on Janua

7 China's thermal coal prices spike to highest levels in history 2021-01-15

After surging at an unexpected speed for two weeks since the New Year's Day, China's domestic spot thermal coal prices reached new highs, surpassing previous records that have been held since 2008.

8 Shanxi: coal production capacity hit 1.05 Bt per year by end-2020 2021-01-15

Northern China's Shanxi province had 668 coal mines in operation by the end of 2020, with the combined production capacity of 1.05 billion tonnes per annum, according to an announcement by Shanxi Ener

9 Curbed road transport to further cap met coal stocks for end users 2021-01-15

The coronavirus-induced road transport curbs on routes between Hebei and the neighboring provinces are likely to further cap coking coal stockpiles at coke and steel producers in the short run, althou

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6 China's coal seaborne arrivals fall 7.7% in 2020: Kpler 2021-01-13

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8 China's thermal coal keeps upward momentum amid further supply tightness 2021-01-14

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9 Indonesia Dec coal exports hit 9-mth high 2021-01-14

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