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Indonesian thermal coal prices moved lower to win over Chinese buyers from competition with Chinese domestic coal, whose prices have been falling rapidly in recent two weeks, traders noted.
Declines decelerated in China's spot thermal coal market after benchmark prices fell below the upper limit of medium- and long-term contract price range.
On June 2, benchmark 5,500 Kcal/k
Most mines in China's main thermal coal production regions continued to lower their offer prices as sales showed no significant signs of improvement following previous price cuts.
On June
Coal inventory at China's major transshipment port of Qinhuangdao slightly pulled back during the week ended on June 2, partly as inflows declined amid high port-side inventory and on-hand stocks at p
Russia's coal production rose for the third consecutive month in April, according to data from the Russian Federal State Statistics Service.
The country's coal output reached 36.7 million
While coking coal miners continued to deliver cargoes to meet existing commitments, the weakening buying strength from coking plants is adding uncertainty to their ability to maintain the pace of dest
Turkey Apr
coal imports fall to 11-mth low, yet up 17.7% YoY
Turkey's coal imports in April rose 17.74%
on the year but dropped 39.14% on the month, marking the lowest level since
June 2022,
Jizhong
Energy optimizes mine's coal production amid falling prices
Jizhong Energy Group Co., Ltd. reported
that it has increased coal production potential at Wannian mine by about
200,000 t
China Energy Investment Corporation has started operations at Asia's largest coal plant-wise carbon capture and utilization storage (CCUS) project.
After days of running at full ca
India aims to export around 30 million tonnes of coal to Bangladesh and Sri Lanka each year starting from 2030,according to plan drafted by Indian coal ministry on June 1.
The volum
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Steel prices in China plummeted to a three-year low last week, primarily due to the weakness in its property sector, according to a Reuters report.
On May 25, the spot price of HRB400 20m
China's spot domestic thermal coal prices witnessed another steep decline on June 1, approaching the upper limit of the contract price range set by the government.
Benchmark 5,500 Kcal/kg
China's portside thermal coal prices continued their downward trajectory at the start of the week, impacted by lackluster demand, stiff competition from imported coal, and the ongoing oversupply. Trad
China's domestic thermal coal market has been in the middle of a fast downward trend, with prices falling by more than 120 yuan/t during the past two weeks to the lowest since mid-January 2022.
Mongolia has expressed interest in becoming a potential supplier of coking coal to India and has approached the country's Steel Ministry to explore possible partnerships, sources familiar with the mat
Indonesian thermal coal prices experienced a palpable fall on May 31, affected by aggressive tender prices in China in the wake of straight price corrections in the domestic market.
Some
Nippon Steel, a prominent Japanese steelmaker, remained engaged in negotiations with Teck Resources regarding its strong interest in acquiring a stake in Teck's esteemed high-grade coking coal asset,
Ganqimaodu border port, the largest artery in China for importing coal from Mongolia, saw its coal intakes reach 12.09 million tonnes from the start of 2023 to May 25, according to the port's official
China's coking coal market started the week with a slight drop in settlement prices for some online auctions conducted in major production areas, reflecting growing caution among coking plants in resp
Mongolia has started construction of a 7.1-km railway linking Shivee Khuren and China's Ceke border port, which is likely to boost bilateral coal trades through the artery after it completes construct
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