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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 witnessed an unexpected slump last week, as oversupply caused by influx of cheap imported coal exacerbated the downward pressure stemming from weak demand.
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
China's anthracite prices changed little during the past week amid weak demand.
Main anthracite miners have maintained high production since the production recovery in Shaanxi. Mine
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 remained steady last week with miners generally turning prudent in raising prices following the continued decline in coke and steel prices as well as weakened buying appetit
China's metallurgical coke market completed the ninth round of 50 yuan/t cuts, adding the total decline to 700-800 yuan/t since April. Coke demand remained weak after the reduction as steelmakers were
China's PCI coal prices stabilized but orders were still inactive last week, with major miners holding prices temporarily unchanged after consecutive price cuts and seeing thermal coal prices level of
Limited demand for vessels led to slight fluctuations in coal freight rates along China's coast last week, dashing hopes for a rebound in near days.
The China Coastal Coal Freight Composi
China's coal mining and washing industry earned a total profit of 295.42 billion yuan (around $41.8 billion) in the first four months of this year, down 14.6% year on year, according to data from the
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China is likely to see a significant sequential decline in coking coal imports from Mongolia in May, with daily inflows through the largest inland border port hitting the lowest in eight month amidst
China's thermal coal imports in April spiked to the highest since December 2020, propelled by strong demand due to clear price advantages against Chinese domestic coal.
China imported 30.
Mongolia is on course to increase its coal exports to 50 million tonnes in 2024, said Bold Javkhlan, the country's Minister for Finance, during a plenary session of the State Great Khural on May 18.
China imported 8.39 million tonnes of coking coal in April 2023, rising 97% year on year but down 13.1% from the previous month, according to data released by the General Administration of Customs.
Increased arrivals of competitively-priced Colombian thermal coal have given Chinese buyers the upper hand in negotiating lower prices for cargoes from Indonesia and Australia.
In June, a
Indonesian thermal coal prices drifted lower on May 25 under the pressure of competition from other origins that offered alternatives to China, its major buyer.
On May 25, Chinese traders
China's power grid operators are gearing up to meet potential surge in electricity demand during the upcoming summer season.
Based on recent data, experts predicted a significant increase
China's top coal-producing Shanxi province will target six types of coal mines in the latest safety overhaul that will last till the end of the year, according to a notice issued recently by the Shanx
Newcastle thermal coal prices gained ground following developments at the G7 summit that benefit for the industry.
On the trading session of May 22, 2023, Newcastle coal futures for June
China's steel industry extended the weakness seen in the second half of 2022 into the first two months this year, with approximately half of the steel-making companies in losses, Baosteel said on the
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